Who Wrote This???
"For perhaps 30 years to come funds will have to be provided by the States and the Federal Government to meet these pensions. But after that it would be necessary to move to voluntary contributory annuities by which individual initiative can increase the annual amounts received in old age.
It is proposed that the Federal Government assume one-half of the cost of the old-age pension plan, which ought ultimately to be supplanted by self-supporting annuity plans."
If you can who wrote this I will by a cup of coffee for you.
The answer will be shown later.
Tuesday, June 27, 2006
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2 comments:
This was said in a speech by FDR to Congress on January 17th, 1935.
As a side note, if you call Social Security they have posted a message that states their funding will run out and it gives the date.
Marc, I owe you a lunch.
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