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May 16, 2005
FDR's legacy
Social Security reform opponents are so fond of invoking the mystique of its founder, FDR, in order to confer upon the program the inviolable saintliness of FDR himself. But you don't often hear them talk about FDR's Social Security bait-and-switch. Here's Noel Sheppard:
"Roughly 32 months after enactment, and four years before the first American is supposed to receive benefits, the creator of Social Security proposed 'liberalizing' it by extending coverage to those not originally included, starting payments earlier than agreed upon, and making distributions larger than prescribed in the 1935 bill."
Posted by Don Luskin at May 16, 2005 10:12 AM | Print
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