Editing Social Security (section)

=== From '[[A Time For Choosing]]' ===
Quote 1:
<BLOCKQUOTE>''We are for a provision that destitution should not follow unemployment by reason of old age, and to that end we have accepted Social Security as a step toward meeting the problem.''

''But we are against those entrusted with this program when they practice deception regarding its fiscal shortcomings, when they charge that any criticism of the program means that we want to end payments to those who depend on them for livelihood. They have called it insurance to us in a hundred million pieces of literature. But then they appeared before the Supreme Court and they testified that it was a welfare program. They only use the term "insurance" to sell it to the people. And they said Social Security dues are a tax for the general use of the government, and the government has used that tax.''</BLOCKQUOTE>
The court case Reagan refers to is Helvering V. Davis.  It was held that Social Security is NOT a contributory insurance program and are not protected by the Fifth Amendment (Takings Clause).

Quote 2:
<BLOCKQUOTE>''There is no fund, because Robert Myers, the actuarial head, appeared before a congressional committee and admitted that Social Security as of this moment is $298 billion in the hole. But he said there should be no cause for worry because as long as they have the power to tax, they could always take away from the people whatever they needed to bail them out of trouble! And they are doing just that.''</BLOCKQUOTE>