Thursday, October 31, 2013

ObamaCare Requires Stealing to Operate

Gary DeMar
Tax cheat[1] New York Democrat Charles Rangel claimed that no Republican voted for Social Security legislation when it came up for a vote in 1935:  “It should give you some small comfort to know that, historically, the Republican Party always fought vigorously against these types of programs,” Rangel said. “I don't think that one Republican voted for the Social Security Act.”  Rangel was trying to make the case that Republican opposition to ObamaCare is similar to opposition to Social Security when it was proposed.
House Ways and Means Committee Chairman Dave Camp (R-MI) corrected the aging congressman. “In fact, the 1935 law establishing Social Security passed out of the House with the support of 81 Republicans. Just 15 opposed it. On the Senate side, 16 Republicans voted for it, and five voted against.”
When Social Security was first implemented, more than 30 people paid into the system for every person receiving a benefit. The ratio is now around 3 to 1. These types of wealth transfer programs cannot be sustained. Socialism works until you run out of other people's money.  There were good reasons to oppose Social Security. If the law had mandated that people should be forced to save a certain amount of their income for retirement, that would have been one thing. It would have been wrong, but it would be much different from the system we have today. Social Security was more than just a forced savings plan…To Read More…..
 

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