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" "We've become now an oligarchy instead of a democracy. And I think that's been the worst damage to the basic moral and ethical standards of the American political system that I've ever seen in my life.
James Earl Carter, Jr. (October 1, 1924 – December 29, 2024) was an American politician and member of the Democratic Party who served as the 39th president of the United States from 1977 to 1981. In 1982 he established the Carter Center, as a base for promoting human rights, democracy, finding peaceful solutions to international conflicts, and advancing economic and social development, for which he was awarded the Nobel Peace Prize in 2002. He was a key figure in the Habitat for Humanity project, and has been noted for his criticism of Israel's role in the Israeli–Palestinian conflict.
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Of the several hundred visitors who attend my Sunday lessons each week, only about 15 percent happen to be Baptists. When I take a few minutes to let my class identify themselves, there are usually about a half dozen "mainline" Protestant denominations represented, often accompanied by Roman Catholics, Amish, Mennonites, Mormons, Quakers, and Seventh-day Adventists. Our church welcomes Jews, Muslims, and other non-Christian worshipers, and we encourage everyone to take part in the discussions. They are quite interesting and helpful to me, and over the years I have acquired an insight into the beliefs and interests of many other religious people.
Now I want to discuss something that's important to you and me both--our social security system. This is a problem for all Western democracies. Social security, which is probably the greatest legacy left over for us from the New Deal, has served us now for 40 years. But since 1975, social security has been paying out more than it's been taking in. Unless we take action now, the Disability Insurance Fund's reserves will be gone in 2 years, and the retirement reserves will be gone 4 years from then. Some have proposed a simple solution for this: to tax the American worker to the hilt. Well, we are not going to do that. Too many people are already paying more payroll taxes than they do income taxes, and we are not going to go this route to save the social security system. And we are not going to let social security go broke. We're going to keep faith with the 33 million Americans who already enjoy social security benefits and with the 104 million of us, who are paying into the social security system with the expectation that we will receive benefits when we retire, or when we become disabled, or those that are necessary to take care of our families if something happens to us. Now, there's no easy answer, but the changes that I have already submitted to the Congress will make social security financially sound for the rest of the century and will correct most of the problems for the next 75 years--and without a higher tax rate than already scheduled by law for the average wage earner. I'm going to need your help in Congress to get this bill passed, and I hope you'll help me with it.
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Yes, I think the Humphrey-Hawkins bill, if passed—and I think it has a good chance to be passed—would provide enhanced job opportunities for college graduates as well as others. It would set a goal of a 4-percent unemployment rate, and it would permit me to judge when this was in conflict with a control of inflation. It would also bring into being a much closer coordination of effort between the President, the Federal Reserve Banks, the Congress, and others in the Government and in private industry to work together. It would require me to submit to the Congress an economic plan over several years, 4 or 5 years, that would ultimately lead to the realization of those goals. So, I think the planning concept, the involvement of all the elements who determine the outcome of our economic goals, would be a step in the right direction itself, and it would put a heavy emphasis on the reduction of unemployment.