Daniel Davies wrote:
Or in other words, Social Security is a transfer program, not a savings program, and it was an achingly stupid rhetorical move for the Democratic Party to start defending it as a savings program.
But they're trapped by the rhetoric that FDR used from the beginning - in order to avoid tripping American suspicions about "welfare," it was presented as "insurance." The truth of its being a transfer program had to be hidden.
Doug
