FDR & Socialist Insecurity

Some call FDR the “Father of Social Security“.

I call FDR the “Father of Socialist Insecurity“.

“Admirers of FDR credit his New Deal with restoring the American economy after the disastrous contraction of 1929—33. Truth to tell–as Powell demonstrates without a shadow of a doubt–the New Deal hampered recovery from the contraction, prolonged and added to unemployment, and set the stage for ever more intrusive and costly government. Powell’s analysis is thoroughly documented, relying on an impressive variety of popular and academic literature both contemporary and historical.”
Milton Friedman, Nobel Laureate, Hoover Institution

Socialism is bad for America. “Social Security” is a Socialist Ponzi scheme and a time bomb that will cause enormous Insecurity when it explodes. The fact is that the tax increases or benefit cuts required to maintain the system as it exists under current law are significantly higher the longer such changes are delayed. For example, raising the payroll tax rate to 14.1% during 2008 (from the current 12.4%) or cutting benefits by 11.4% would address the program’s budgetary concerns indefinitely; these amounts increase to around 16% and 22% if no changes are made until 2041, when the fund is exhausted.

President Bush tried to address this issue, but the Democratic Socialists in Congress resisted him every step of the way.

It is proven historical fact that Capitalism is much greater than Communism.

Just say No! to the Communist Party USA (a.k.a The Democratic Socialist Party, a.k.a. the Democrat Party) and their published program of “The Road to Socialism USA“.

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7 Responses to FDR & Socialist Insecurity

  1. Thomas Shawn says:

    I regularly use the phrase “Socialist Security” but I believe you have improved upon my phrase.

  2. Pingback: The Federal Reserve, Great Depressions, and Socialism « I Took The Red Pill (and escaped the Matrix)

  3. Pingback: Flashback to a Comment I Made on Sept. 5th « I Took The Red Pill (and escaped the Matrix)

  4. Capitalism succeeds because it doesn’t seek to change human nature.

    This video is one of my all-time favorites:

    Nobel Laureate Milton Friedman on Socialism vs. Capitalism

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