space
space
Peshtigo Times
space
space
space
Perspectives
* To the Editor:
space
space
Sports Shorts
* Predator Caller at UP Trappers Convention
* BAMC Menominee River Century Bike Ride June 28
* Peshtigo Church Plans Sports Camp, VBS
* Saint Thomas Aquinas Present Awards to Outstanding Athletes
* Peshtigo’s Jacobson is MVP Jacobson is Golfer of the Year

space
Peshtigo Fire
space
e-Edition
Now Available
For more information
click here
dot
THE CITY REBORN FROM THE ASHES OF AMERICA'S MOST DISASTROUS FOREST FIRE
space
dot
space

Tales from the old-timer

Social Security “Doomed” Critics Say

Some friend of mine, worried that I might be drifting into the forbidden waters of liberal thinking, has paid for a subscription to a magazine put out monthly by Hillsdale College, a school so conservative that it won’t accept any form of federal grant funds. The college was founded in 1844, and enrollment, as shown in the 2006 World Almanac and Book of Facts, is 1,273 students.

The magazine offers well-written articles each month giving conservative viewpoints on various topics. The last edition had an article denouncing the Social Security system as an “entitlement” program. Entitlement programs are considered monsters devouring our country and its prospects for the future.

The program has always had critics. In March 1935 Senator Daniel O. Hastings, a Nebraska Republican and bitter enemy of Social Security, commented, “My fear is that when the Federal Government undertakes the job of Social Security through direct taxation for that purpose, it has taken a step that can hardly be retraced. I feel it may end the progress of a great country and bring its people to the level of the average European. It will bring delicious food and add great strength to the political demagogue. It will assist in driving worthy and courageous men from public life. It will discourage and defeat the American trait of thrift. It will go a long way toward destroying American initiative and courage....” and so on he went.

Some of those “average European” countries today have a per capita income greater that we do, notably Switzerland.

A recent letter to the editor of the Peshtigo Tmes complained that dependent children and disabled persons under retirement age get benefits from OASI (Old Age and Survivors Insurance as it is properly called), and this shouldn’t be, he declared.

The Bush administration tried a couple of years back, to permit privatization of 20% of a workers social security tax to be invested in the stock market. It sounded like a deceptively great idea, a first step in privatizing the whole program, but was soundly rejected by Congress.

Every industrialized country on earth has the equivalent of Social Security. German Chancellor Otto Von Bismarck, a tough conservative if there ever was one, started social security in Germany in 1884. We didn’t have it for 50 more years.

Some folks complain that a person can pay the tax for many years, and die before they are eligible to get a dime. That’s because it is an insurance program. My wife and I have paid for fire and windstorm insurance over 50 years and never had fire or windstorm damage, and we haven’t collected anything. Never filed a claim. We were protected, nevertheless, and don’t consider it a bad investment.

Another critic wrote in once that retirees get back more than what they paid in, I don’t know of any retirement pension, including the 401K plan, that doesn’t pay more than what came in.

Social Security is an irrevocable contract between the generations. As the Baby Boomers move into retirement the system will come up short, but adjustments must be made to offset the demographics; either by raising the payroll taxes or by approprations from general revenues. The government takes every dollar that comes in, but every dime of that is borrowed money and must be paid back.

The system was substantially liberalized during the Republican administration of President Dwight Eisenhower, with SSI added for blind, disabled people, or elders living in poverty.

Some enemies of the system have suggested imposing an income ceiling for social security beneficiaries. This would make it a public aid program with an eligibility test, and people will start carrying on about “welfare Cadillacs”, and “Look at the fine house those people have, and mowing their grass with a new lawn tractor, and they are collecting Social Security!”

We old folks have earned every penny. We worked and paid taxes and raised our kids and fought the country’s wars. In fact, I am still working at age 83 and paying my social security tax, though I must confess I am coming out ahead, due to a lucky, healthy old age.

As to privatization, there is no law I know of that forbids anyone from investing in the stock market. Just don’t “mess with” the Social Security system with stock market options.

My mother’s dad, a railroad section boss, died of TB in 1933, leaving grandma at 57 years old, a diabetic lady who worked hard all her life on a hardscrabble one cow, 3 pigs, 40 chickens piece of land in Channing, in the UP, and no money. She had to sell the house and land in a few years and lived by turns with her children. She had high hopes for the Townsend Plan, an idealistic dream for old folks to get $200 a month with instructions to spend it, not save it. It was an early notion about an economic stimulus that has become legitimate government doctrine in 2008.

My dad’s folks lived long enough to get the first wave of benefits in 1940, enacted during the Franklin Roosevelt administration. Grandpa was 75 and grandma was 71 when those first beautiful green checks arrived in the mail.


Recent stories, opinions and photos

Issue Date Department Headline
06-24-2015Perspectives
To the Editor:

06-24-2015Perspectives
From Our Readers

06-24-2015Front Page


06-24-2015Sports
Predator Caller at UP Trappers Convention

06-24-2015Sports
BAMC Menominee River Century Bike Ride June 28

06-24-2015Sports
Peshtigo Church Plans Sports Camp, VBS

06-24-2015Sports
Saint Thomas Aquinas Present Awards to Outstanding Athletes

06-24-2015Perspectives
Country Cousin

06-24-2015Perspectives
Tales from the old-timer

06-24-2015Obituaries
Ila M. Ziesmer

06-24-2015Obituaries
Elaine C. Wedemeier

06-24-2015Obituaries
Gerald L. Trottier

06-24-2015Obituaries
Marvin M. Rankinen

06-24-2015Obituaries
Joyce R. Parker

06-24-2015Obituaries
James A. Neshek

06-24-2015Obituaries
Michael K. McDermott

06-24-2015Obituaries
Doris M. Magnuson

06-24-2015Obituaries
Edward G. Kloida

06-24-2015Obituaries
Robert D. Hoffman

06-24-2015Obituaries
Letty B. Berg

06-24-2015Obituaries
Donald B. Sheets

06-24-2015Obituaries
Darwin D. Saxton

06-24-2015Obituaries
Sue M. Peterson

06-24-2015Obituaries
Pamela S. McMahon

06-24-2015Obituaries
Ella M. Marquardt

06-24-2015Obituaries
Walter Jeske Jr.

06-24-2015Obituaries
Charles C. Hall

06-24-2015Obituaries
Alvin R. Ermis

06-24-2015Obituaries
Vito M. Cinquepalmi Sr.

06-24-2015Community - Wausaukee
Parade in Wausaukee July 4

06-24-2015Community - Wausaukee
Rescue Squad Rep at Wausaukee Library

06-24-2015Community - Wausaukee
Silver Cliff Legion To Meet

06-24-2015Community - Wausaukee
Townsend Twins Honor Graduates

06-24-2015Community - Wausaukee
Wausaukee Medical Offers Sports Physicals

06-24-2015Community - Coleman
Library To Host Ice Cream Social

06-24-2015Community - Coleman
Library Closed July 3

06-24-2015Community - Coleman
Dedicate Living Waters Lutheran Church, Crivitz

06-24-2015Community - Coleman
1945, 50, 55 CHS Classes Reunion

06-24-2015Community - Crivitz
Free Movies in Park Thursdays

06-24-2015Community - Crivitz
Legion Gun, Knife Show on June 27

06-24-2015Community - Crivitz
19 Attend Even Monday Cards

06-24-2015Community - Crivitz
Crivitz Business Featured on HOARDERS TV Show

06-24-2015Front Page
Marinette County Breakfast on Mark Anderson Farm

06-24-2015Front Page
Town of Wagner Marks 100th Anniversary Sat.

06-24-2015Front Page
Marinette Accepts $500,000 From DNR For Dredging Costs

06-24-2015Front Page
Plan Commission Discuss Church in TIF District

06-24-2015Front Page
7 Gardens Featured in NLMGA Walk

06-17-2015Sports
Peshtigo’s Jacobson is MVP Jacobson is Golfer of the Year

06-17-2015Sports
Softball All Conference

06-17-2015Sports
All Conference Baseball

06-17-2015Sports
Wausaukee Varsity Football Coach Deschane Resigns

06-17-2015Perspectives
Country Cousin

06-17-2015Perspectives
From our readers

06-17-2015Perspectives
Tales from the old-timer

06-17-2015Obituaries
Josephine V. Truel

06-17-2015Obituaries
Robert C. Stewart

06-17-2015Obituaries
Umberto Spataro

06-17-2015Obituaries
Leonard J. Smith

06-17-2015Obituaries
Russell O. Seefeldt

06-17-2015Obituaries
Patricia A. Sadorf

06-17-2015Obituaries
Hunter J. Le May

06-17-2015Obituaries
Carol J. Kesler-Marois

06-17-2015Obituaries
Oscar W. Jandrey

06-17-2015Obituaries
Charles C. Hall

06-17-2015Obituaries
Dorothy J. Gostisha

06-17-2015Obituaries
Nancy L. Fuller

06-17-2015Obituaries
Cheryl “Joy” Eisenheim

06-17-2015Obituaries
Lana B. Campbell

06-17-2015Obituaries
Eugenia V. Sinclair

06-17-2015Obituaries
Richard D. Sellers

06-17-2015Obituaries
Beatrice I. Rosner

06-17-2015Obituaries
Charles Ronan

06-17-2015Obituaries
Daniel Raygo

06-17-2015Obituaries
Alton M. Olsen Sr.

06-17-2015Obituaries
Diane Niemiec

06-17-2015Obituaries
William F. Lierman

06-17-2015Obituaries
Nancy J. Liddle

06-17-2015Obituaries
Ruth H. Kolander

06-17-2015Obituaries
Peter M. Harding

06-17-2015Obituaries
Patricia M. Hall

06-17-2015Obituaries
Mildred C. Adams

06-17-2015Obituaries
Jacquelyn Y. (Akers) Aboul-Mouna

06-17-2015Community - Wausaukee
Athelstane Adds ATV Routes, Okays Licenses

06-17-2015Community - Wausaukee
Library Talk On Animal Shelter

06-17-2015Community - Wausaukee
Wausaukee Varsity Football Coach Jason Deschane Resigns

06-17-2015Community - Wausaukee
T/Wausaukee To Aid Firm, Approve Road Construction

06-17-2015Community - Crivitz
Kids Fishing Derby June 27

06-17-2015Community - Crivitz
100 Volunteers Attend Banquet

06-17-2015Community - Crivitz
Free Movies in Park at Crivitz

06-17-2015Community - Crivitz
Country Gospel Jam June 17th

06-17-2015Community - Coleman
Tia Swenty To Leave for Japan

06-17-2015Community - Coleman
Special School Board June 24

06-17-2015Community - Coleman
Heroes Topic Summer Reading

06-17-2015Community - Coleman
Big Craft, Vendor, Flea Sale at Equity

06-17-2015Front Page
Peshtigo On Verge Of School Site Purchase

06-17-2015Front Page
Despite Resident Objections Peshtigo Okays Dog Park Site

06-17-2015Front Page
Mark Andersons To Host Breakfast on Farm June 28

06-17-2015Front Page
Middle Inlet Offers $1,000 For Boat Landing Vandal Arrest

06-17-2015Front Page
Advertising for Peshtigo Community Rummage Sale Due June 19th

06-10-2015Sports
Marinette Golfers Take 5th Place at State Meet

06-10-2015Sports
Eight Area Atheletes Reach The State Medal Stand

06-10-2015Sports
Rangers Advance To Sectional Final; Defeated by Rib Lake 6-5

06-10-2015Sports
Coleman Bumps Crivitz; Advances To Sectionals

06-10-2015Perspectives
Country Cousin

06-10-2015Perspectives
From our readers

06-10-2015Perspectives
Tales from the old-timer

06-10-2015Obituaries
Roseann L. Younk

06-10-2015Obituaries
Harold E. Woods

06-10-2015Obituaries
Elizabeth K. Westman

06-10-2015Obituaries
Barbara Timm

06-10-2015Obituaries
John F. Sikora

06-10-2015Obituaries
Betty J. Seidl

06-10-2015Obituaries
Wyatt D. Schaal

06-10-2015Obituaries
Harold K. Race

06-10-2015Obituaries
Betty L. Pick

06-10-2015Obituaries
Sherry L. Peterson

06-10-2015Obituaries
Donald E. Patz

06-10-2015Obituaries
June R. Occhietti

06-10-2015Obituaries
Kathleen Milner

06-10-2015Obituaries
Rosalie Miller

06-10-2015Obituaries
Arlyn E. Gaertig

06-10-2015Obituaries
Kenneth Frewerd

06-10-2015Obituaries
Marianne E. Deede

06-10-2015Obituaries
Wayne E. Anttila

06-10-2015Community - Wausaukee
30 at Pembine Spring Fling

06-10-2015Community - Wausaukee
Issue Goodman DNR Permit

06-10-2015Community - Wausaukee
Wausaukee Junior, High School Quarter Honor Roll

06-10-2015Community - Wausaukee
T/Wagner To Borrow Fire Equipment Funds

06-10-2015Community - Crivitz
Digger Memorial Bike Run June 27

06-10-2015Community - Crivitz
Legion, Units To Meet June 17

06-10-2015Community - Crivitz
Free Movies in Park at Crivitz

06-10-2015Community - Crivitz
Crivitz Plans Big July 4 Parade

06-10-2015Community - Coleman
Coleman Hosts Movie in Park

06-10-2015Community - Coleman
Living Waters Church Dedication is June 14

06-10-2015Community - Coleman
Middle School Students of Month

06-10-2015Community - Coleman
Coleman High School Seniors Honored at Recognition Night

06-10-2015Front Page
Fire Destroys Outback Tavern, One Fireman Hurt

06-10-2015Front Page
Ski Cats Keep Saturdays At Lake Noquebay Park

06-10-2015Front Page
Smith Pleads Guilty In 2008 Death, Disappearance Case

06-10-2015Front Page
1 Killed, 2 Injured In 2nd County Fatality

06-10-2015Front Page
Walters Bids Farewell As Coleman Superintendent

06-03-2015Sports
State Anglers Pull Plug on Invasive Species

06-03-2015Sports
WIAA State Track & Field Meet in LaCrosse This Weekend

06-03-2015Sports
Area Division 3 Track Teams Qualify in 13 State Events

06-03-2015Sports
Area Teams Bounced in Regional Round

06-03-2015Perspectives
Country Cousin

06-03-2015Perspectives
From our readers

06-03-2015Perspectives
Tales from the old-timer

06-03-2015Obituaries
Ronald D. Woodworth

06-03-2015Obituaries
Bonita M. Witt


space
Peshtigo Times
WEB Poll!
Do you think that the confederate flag, or any others besides the state flag, should be flown over a capital building?
space Yes
No
Undecided
space
TO VOTE CLICK
YES, NO or UNDECIDED

Suggest a Question
space .
space
FRONT
space
.
space
CLASSIFIEDS
space
.
space
COMMUNITY
space
.
space
GUEST BOOK
space
.
space
NEWS
space
.
space
OBITS
space
.
space
PERSPECTIVES
space
.
space
SPORTS
space
.
space
SUBSCRIBE
space
.
space
.
space
PESHTIGO FIRE
space
.
space
CUSTOM PRINTING
space
.
space
TIMES' SAVER
space
.
space
Click for Peshtigo, Wisconsin Forecast
FORECAST
space
Quick...
News or Ad Search
Enter News key words.
Enter Ad key words.



Peshtigo Times
841 Maple St
PO Box 187
Peshtigo, WI 54157
Phone: 715-582-4541
Email:
News@
PeshtigoTimes.com

space
Fax: 715-582-4662
© 2000-2015
All right reserved
space
Powered by
WEB Media
Interactive
COMMUNITY
WEB sites