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BUDGET: Humphrey’s words ring true

Letter by Danna D. Clancy, Olympia on Oct. 17, 2011 at 10:14 am with 3 Comments »
October 17, 2011 10:14 am

In the late 1960s, Vice President Hubert H. Humphrey made the following observation: “The moral test of government is how it treats those who are in the dawn of life – the children; those who are in the twilight of life – the aged; and those who are in the shadows of life – the sick, the needy and the handicapped.” His words ring true today.

Enough said.

 

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  1. olympicmtn says:

    The Next Big Threat to Your 401(k): A Tax Break Shake Up

    See full article from DailyFinance: http://srph.it/pecler

    http://www.dailyfinance.com/2011/09/22/the-next-big-threat-to-your-401-k-a-tax-break-shake-up/

    Now your government wants to take more away of your 401K earnings, So all those who save better watch your wallets (Again).

  2. philichi says:

    Because of people like Humphrey the war on poverty was waged. Trillions have been spent since the 60s. The need continues to grow as people become dependent on government vs their own work. Full generations are now lost to dependence. We are now a country with more big screens and day time TV watchers than anywhere in history.

    Perhaps Humphrey should have said “the true test of government is how it treats its own constitution” If the constitution doesn’t specify it, it is best for government not to get involved.

    That would have saved our country from the financial mess that it is in today.

  3. commoncents says:

    The Next Big Threat to Your 401(k): A Tax Break Shake Up

    See full article from DailyFinance: http://srph.it/pecler

    http://www.dailyfinance.com/2011/09/22/the-next-big-threat-to-your-401-k-a-tax-break-shake-up/

    Now your government wants to take more away of your 401K earnings, So all those who save better watch your wallets (Again).
    —-

    That’s what you got out of that article? Guess you missed the part about replacing that with a refundable credit that would be deposited directly into the retirement account (which in essence is a match). BTW, most people refuse to participate in a 401k plan unless there is a match. The tax deduction for the contributions is not high on the list of reasons to participate. In fact, more people prefer to participate in a ROTH plan – and most low income people SHOULD participate in a ROTH over the 401k.

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