Brit Hume Must Resign

And now for our latest installment of moonbats on parade, Oliver Willis demands Brit Hume resign over his comments concerning FDRs statements on Social Security savings accounts. Even if Brit did misinterpret what FDR said, it's hardly an offense worthy of dismissal, but as it turns out, he did not.

Hume: in a written statement to Congress in 1935 Roosevelt said that "any social security plans should include, quote: voluntary contributory annuites, by which individual initiative can increase the annual amounts received in old age adding that the "government funding ought to
be ultimately be supplanted by self- supporting annuity plans."
hmmmm, sounds like he's behind them to me.

Willis' rationalization: But Roosevelt was not advocating that the present system of guaranteed Social Security benefits"ought to be supplanted by self supporting annuity plans," Rather he was proposing that madatory contributions and voluntary innuities would eventually eliminate the need for an additional fund which was established to provide pension benefits for Americans who were already too old in 1935 to contribute payroll taxes to the SS sysytem.
Speculation on Willis' part, and incoherent speculation at that.

FDR quote: In the important field of security for for old people, it seems neccessary to adopt 3 principles First, noncontributory old age pensions for those who are now too old to build to build up their own insurance; it is , of course clear that perhaps thirty years to come funds will have to be provided by the states and the federal government to meet these pensions. Second, compulsory contributory annuities which in time will provide a self supporting system for those now young and for future generations. Third, 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 the cost of the old age pension plan, which ought ultimately be supplanted by self supporting annuity plans
It appears clear that FDR is referring to both now (1935) pensions, and in the future concerning private annuities.

He further tries to bolster his argument with a quote from FDRs grandson: "The implication that FDR would support the privatization of Americas greatest national program is an attempt to deceive the American people and an outrage"

Well, you know the old adage about "the idiot son", it must also hold true for grandsons. Why in the world would anyone think that a 3rd generation relative would have any clue what their grandfather truly meant. Puhleeeaze.... I was very close to my grandfather and couldn't tell you what his favorite food was let alone the intricacies of his political theory.

Read the entire article, this guys speculative and self contadictory throughout. Maybe he's the one who should resign.