Dark Bilious Vapors

Why do they LIE...Apparently must be 'cause they just can't help themselves.

Media Matters (among others) is reporting about the Outright, Fraudulent and Purposeful LIES by FOX News Washington managing editor Brit Hume, Nationally syndicated radio host and former Reagan administration official William J. Bennett, Wall Street Journal columnist John Fund, FOX News Live anchor David Asman, and CBS News Sunday Morning anchor and CBS Radio Network host Charles Osgood who "have all echoed Hume's false suggestion that FDR favored eventually "supplant[ing]" government funding of Social Security with private accounts, as President Bush has proposed."

The report further explains the following distortion and purpose of FDR in the creation of the Social Security Program back in 1935:

"Here's the full relevant segment from Roosevelt's message to Congress on Social Security and other similar programs from 1935: "In the important field of security for our old people, it seems necessary to adopt three principles: First, non-contributory old-age pensions for those who are now too old to build up their own insurance. It is, of course, clear that for 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 establish 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 of the cost of the old-age pension plan, which ought ultimately to be supplanted by self-supporting annuity plans."

The syntax is a little ancient but the message is pretty straightforward. For 1935, people who would only take money out of Social Security and not put any in, should have their contributions covered half by the federal government and half by the states. Later on, those contributions should be replaced by the "self-supporting annuity plans" -- which Roosevelt has already defined ("Second...") as the actual Social Security system. Buried in the formality of his third point, FDR is talking about things we would later know as IRA's and Keoghs and 401k's.

But look at how Hume mixed and matched the original Roosevelt quotes on February 4th (and we're quoting this verbatim from Fox's website) "...it turns out that FDR himself planned to include private investment accounts in the Social Security program when he proposed it. In a written statement to Congress in 1935, Roosevelt said that any Social Security plans should include, 'Voluntary contributory annuities, by which individual initiative can increase the annual amounts received in old age,' adding that government funding, 'ought to ultimately be supplanted by self-supporting annuity plans.'"

Roosevelt said no such thing. The "voluntary contributory annuities" are the IRA's and Keoghs and 401k's. What "ought to ultimately be supplanted" was the special government contributions to Social Security on behalf of people born in the 1870's and earlier, and the "self-supporting annuity plans" constitute Social Security itself.

Strong>It's premeditated, historical fraud, but you will not see Hume nor Fox News backpedal from it (as Jordan did for his misdemeanor), nor apologize for it (as Jordan did), nor save their masters from its shame (as Jordan did -- of course there is no shame at Fox).

Karen on 02.16.05 @ 04:06 AM CST