No. of Recommendations: 2
{{We believe that we have to honor the promises we've made to the millions of families who worked hard, played by the rules and have earned a retirement of dignity.}}

This sentence to me means that Daschle wants to change the way Social security was set up. Social security was set up so that it did not pay any money to the average person as the average person was already dead. Instead Daschle wants even poor people to live like the rich and they think deserve a retirement. Social security was not set up as a retirement fund, it was set up a a welfare program to ensure that the "extremely elderly", that is those who live longer than average, do not live in abject poverty.

{{Also, the sentence in question is part of a whole paragraph:}}

When I listened to Daschle's speech, I certainly did not notice a paragraph. What I noticed was that Daschle was discussing retirements. The impression I got was that Daschle did not want the government to reward those who save for reirement and accumulate wealth and thus wanted to get rid of IRA's and 401k's and instead use government rewards to increase social security. Apparently in Daschle's mind, government can not allow IRA's and 401k's along with social security as the retirement vehicles undermine social security by making people independent of social security.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.