From the employees' standpoint, in 1935, Social Security was a big gamble. Employees would be required to participate in the program, contributing a percentage of their income for their entire adult working life.
More Quotes from Wayne Allard:
I think back a little bit when President Bush was elected President and what kind of economy he inherited from the Clinton administration. The economy was going down. It was not doing well.Wayne Allard
If this is to become a perpetual government program, like flood insurance, the industry should be honest about it.
Wayne Allard
This is a long process. Nobody on our side, I think, ever felt for a minute that this was going to be a one-shot deal and it was going to be over with at that particular point in time.
Wayne Allard
I think it's a matter of supply and demand. We know that government price controls don't work, ... We tried that back in the 1970s and that created gas lines, the misery index and all of that mess.
Wayne Allard
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