EppsNet Archive: Social Security

The War on Poverty is 50 Years Old

The New York Times has an update from McDowell County, West Virginia, on how the War on Poverty is going after 50 years . . . Of West Virginia’s 55 counties, McDowell has the lowest median household income, $22,000; the worst childhood obesity rate; and the highest teenage birthrate. It is also reeling from prescription drug abuse. The death rate from overdoses is more than eight times the national average. Of the 115 babies born in 2011 at Welch Community Hospital, over 40 had been exposed to drugs. . . . Many in McDowell County acknowledge that depending on government benefits has become a way of life, passed from generation to generation. Nearly 47 percent of personal income in the county is from Social Security, disability insurance, food stamps and other federal programs. . . . The poverty rate, 50 percent in 1960, declined – partly as a result of… Read more →

More People I’m Sick Unto Death Of: Paul Krugman

America in the 1950s made the rich pay their fair share; it gave workers the power to bargain for decent wages and benefits; yet contrary to right-wing propaganda then and now, it prospered. And we can do that again. — Paul Krugman I hardly know where to begin with this . . . First of all, what is the relevance of the 1950s as opposed to any other period of American history? America prior to 1913 had no permanent income tax and contrary to left-wing propaganda, it prospered. Why can’t we do that again? Of course we’re all in favor of fairness — right? — but why is it only important that “the rich” pay their “fair share”? I don’t remember ever hearing anyone, certainly not Krugman, use the phrase “pay their fair share” in reference to any group except “the rich.” If you’re concerned about fairness, isn’t it also… Read more →

Opting Out

What we need is competition and a chance for people to opt out of the system. You talk about opting out of ObamaCare? Why can’t we opt out of the whole system and take care of ourselves? — Rep. Ron Paul (R-TX) That’s a great question that I’ve wondered about for many years. For example, why can’t people opt out of Social Security? It seems to be in pretty bad shape. Why can’t I say to the government, “Do not take any Social Security deductions from my income. Let me keep all that money, and when I retire, you owe me nothing.” Why is that not an option? You might say, “Because you’ll screw it up. You’ll spend all the money now, and when you’re too old to work, you won’t have anything in the bank.” Why is that your problem? Read more →

Twitter: 2010-08-17

RT @jdickerson: Breaking News: Person unknown to you did something of dubious distinctIon or is no longer missing or married. # RT @joshcomers: "Everything’s going to be okay." (First lie to self of week). # RT @TheOnion: In Focus: Al-Jazeera Introduces 'Lighter Side Of The News' Segment http://onion.com/dknefU # RT @fredthompson: Obama warns GOP planning to privatize Soc Sec. Very upsetting for him. Interferes with the current plan of bankrupting it. # Read more →