Opponents of the 'Crown Jewel'

FreemanVol. 55 Nbr. 7, September 2005

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Summary


Blanchette presents the prescient criticisms offered by dissidents over New Deal's "crown jewel," the most successful government program in history. Among others, he points out that to a large extent it was business leaders who understood the consequences of imposing a tax on labor during a massive economic contraction.

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Opponents of the 'Crown Jewel'

There was a time when self-reliance wasn't such a tough sell. Today, however, the thought of dismantling Social Security strikes most as somehow un-American. It is, after all, the "cornerstone of the New Deal." It saved the poor and elderly from indigence and provided dignity in a monthly paycheck. Legend has it that 70 years ago the nation was unanimous in its support for FDR's plan to nationalize retirement.

Yet not withstanding Roosevelt critic John T. Flynn's remark-"There w...

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