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  Sunday  May 15  2005    11: 28 AM

all together now

Rep. McDermott on the Common Good


McDERMOTT: But you are absolutely right and, you see, I mean, by the way if there's anything that's lost, that we've lost in the last for awhile, it's being the sense of the common good. You are honest enough to tell me that that's exactly how you thought. You are thinking about yourself. I've got a job, I've got health care, I've got, you know, I'm doing OK, so it's not a problem. Well Reagan started us down the road, not that he was the first, but he was the one that articulated best when he said: "are you better off this year than you were last year or four years ago?" The question should be are we better off than we were four years ago and the fact is that as a country and as a people and as a middle-class, we are not. Our salaries aren't going up, are ability to buy a house, you realize if we have any kind of financial problem in this country and we suddenly have to deal with rising interest rates, all those young people out there who have a house with an adjustable mortgage on it, you could have this thing jump 3%. I'm fixed rate, I'm not going to change but if you are young person and you have to take an arm to get into the house, you are in real danger, and jumping interest rates plus $2.50 gasoline, health care problems, job problems - and that's why I think the biggest thing that's missing in the democratic party is that we have lost the idea of the common good. That's what Franklin Delano Roosevelt was going with social security, he's saying look, this is the worst that's ever been in this country but we would get together and we will find the way to help our old people in this country get back on their feet and we've driven down the poverty among senior from 50% to 10% and it's not all gone, is not perfect, is not the best system in the world, but it's going in the right direction and herein comes the President who says "we have to get rid off that, we want to put you on in the ownership society." What he means is that we want to put you out on your own and that's splitting again the idea of the common good. We put Social Security together, he wants to put us back on our own dealing with the stock market and from my point of view, my 401K tells me that I ain't smart enough to get rich investing, so, maybe somebody else, but I don't want to take the chance, I want to know that if everything goes to pieces, I'll always have my Social Security.

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