space
space
Peshtigo Times
space
space
space
Perspectives
* Country Cousin
space
space
Sports Shorts
* Cabela's National Walleye Tour Championship Apparel Available
* Ruffed Grouse Society 30th Banquet Sept. 14
* Bulldogs Prepare For Season In New Conference
* WIAA Sport Medical Advisory Committee Updates Posted
* Area Teams Begin 2017 Training Camp

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
08-16-2017Perspectives
Country Cousin

08-16-2017Obituaries
Ramona A. Zahn

08-16-2017Obituaries
Patty J. Trepanier

08-16-2017Obituaries
Darla J. Theuerkauf

08-16-2017Obituaries
Gertrude E. Steiner

08-16-2017Obituaries
William L. Popp

08-16-2017Perspectives
From Our Readers

08-16-2017Obituaries
Elizabeth R. Noasconi

08-16-2017Obituaries
Ethel M. Mainik

08-16-2017Obituaries
John W. Lukszys

08-16-2017Obituaries
Ellen LaHaye

08-16-2017Perspectives
From My Window

08-16-2017Obituaries
Sheldon M. Johnson

08-16-2017Obituaries
Thomas J. Janquart

08-16-2017Obituaries
Albert Harder

08-16-2017Obituaries
Norma J. Erdmann

08-16-2017Obituaries
Dennis C. Christensen

08-16-2017Obituaries
Donnie E. Buhrandt

08-16-2017Obituaries
Lawrence Buechler

08-16-2017Obituaries
Judy Brabec

08-16-2017Obituaries
Robert C. Begotka

08-16-2017Obituaries
Christopher M. Arveson,

08-16-2017Obituaries
Steven V. Swanson I

08-16-2017Obituaries
Thomas J. Smith

08-16-2017Obituaries
Margie J. Schneider

08-16-2017Obituaries
Paul W. Perkins

08-16-2017Sports
Cabela's National Walleye Tour Championship Apparel Available

08-16-2017Obituaries
Ruth M. Marquardt

08-16-2017Obituaries
Robert F. Kohlbeck

08-16-2017Obituaries
Richard E. Gove

08-16-2017Obituaries
Anne Gemignani

08-16-2017Community - Wausaukee
Plan Hunter Safety Class at Woods & Stream Aug. 18-20

08-16-2017Obituaries
Carol A. Hoffman

08-16-2017Obituaries
Russell D. Alsteen

08-16-2017Obituaries
Joanne D. Karuhn 

08-16-2017Sports
Ruffed Grouse Society 30th Banquet Sept. 14

08-16-2017Obituaries
Helen J. Rieter

08-16-2017Sports
Bulldogs Prepare For Season In New Conference

08-16-2017Community - Wausaukee
Goodman-Armstrong Creek Sets Homecoming Weekend

08-16-2017Community - Wausaukee
Athelstane to Leave Joint Municipal Court

08-16-2017Community - Wausaukee
Berger Resigns Pembine Board, Annual Meeting is Oct. 18th

08-16-2017Community - Wausaukee
Wausaukee Tree Farm To Host State Tour

08-16-2017Community - Crivitz
Gerbyshak Family Reunion Sept. 30

08-16-2017
Crivitz Church Ice Cream Social

08-16-2017Community - Crivitz
Country Gospel Jam Aug. 18

08-16-2017Community - Crivitz
Mother Teresa Topic of St. Mary Nov. 7

08-16-2017Community - Coleman
Municipal Judge Patz Attends Neenah Seminar

08-16-2017Community - Coleman
Coleman Legion to Vote On Sale of Post Building

08-16-2017Community - Coleman
CHS Classes 1952-57 Plan Oct. 4 Gathering

08-16-2017Community - Coleman
Lena School District Gets $10,000 Grant

08-16-2017Front Page
Marinette Fire Department Celebrates 150th Anniversary

08-16-2017Front Page
U.S. Labor Department Is Investigating County

08-16-2017Front Page
Driveways, Fences Can Be On Property Lines In Grover

08-16-2017Front Page
Weather May Cause Emergency Radio Skip

08-16-2017Front Page
Peshtigo School Board Shuffles Coaching Jobs

08-16-2017Front Page
Peshtigo School Board Shuffles Coaching Jobs

08-09-2017Obituaries
Anna L. Andre

08-09-2017Obituaries
Carol Conklin

08-09-2017Obituaries
Spencer W. Bancroft Jr.

08-09-2017Obituaries
Donald A. Beyer

08-09-2017Obituaries
George L. Daugherty

08-09-2017Obituaries
Richard A. Derouin

08-09-2017Obituaries
John E. Freeman

08-09-2017Obituaries
Jon R. Grenier

08-09-2017Obituaries
Harold R. Hartwell

08-09-2017Obituaries
Amy R. Heder

08-09-2017Obituaries
Judith F. Heier

08-09-2017Obituaries
Dawn R. Huebscher

08-09-2017Obituaries
Greg L. Johnson

08-09-2017Obituaries
Susan M. Johnston

08-09-2017Obituaries
Marguerite J. Kitslaar

08-09-2017Obituaries
John H. Kopp

08-09-2017Obituaries
Louise C. Lantagne

08-09-2017Obituaries
Manila Lerret  

08-09-2017Obituaries
Joyce Malek

08-09-2017Obituaries
Jeanette M. Newling

08-09-2017Obituaries
Carol L. Rosner

08-09-2017Obituaries
Hazel M. Schmitt 

08-09-2017Obituaries
Nancy A. Schnitzke

08-09-2017Obituaries
Chad A. Selissen

08-09-2017Obituaries
Lena E. Severson

08-09-2017Obituaries
Robert O. Stadelman

08-09-2017Obituaries
Lois G. Steeno

08-09-2017Obituaries
Brian C. Stewart, Jr.

08-09-2017Obituaries
Thomas P. Strom

08-09-2017Obituaries
Hugh Mason Vary

08-09-2017Obituaries
Marvin A. Zoeller

08-09-2017Perspectives
Country Cousin

08-09-2017Perspectives
From My Window

08-09-2017Sports
WIAA Sport Medical Advisory Committee Updates Posted

08-09-2017Sports
Area Teams Begin 2017 Training Camp

08-09-2017Sports
Marinette Hosts Cabela's National Walleye Tournament Aug. 16-18

08-09-2017Sports
17th Jerry Goyette Golf Tourney Dinner Sept. 3

08-09-2017Sports
WIAA Team Sportsmanship Award Winners Selected

08-09-2017Community - Wausaukee
40th Silver Cliff Fire and Rescue, Auxiliary Parade, Picnic Aug. 12th

08-09-2017Community - Wausaukee
Beecher Board Okays Amendments to Ordinances

08-09-2017Community - Wausaukee
Wagner Historical Society Quilt Raffle Winners

08-09-2017Community - Wausaukee
Wagner Fire Department Fundraiser Picnic Winners

08-09-2017Community - Crivitz
Crivitz VFW Gun Show is Aug. 19

08-09-2017Community - Crivitz
Elderly Services Sponsors Flavors of Northwoods

08-09-2017Community - Crivitz
CBA Community Set Rummage Sale

08-09-2017Community - Crivitz
Crivitz Church To Host Ice Cream Social

08-09-2017Community - Coleman
Lena Lions Host Dairy Fest Sept. 9

08-09-2017Community - Coleman
Crooked Lake List Lions Calendar Winners

08-09-2017Community - Coleman
Back to School Night at Suring

08-09-2017Community - Coleman
Oconto County Fair at Gillett Aug. 27-30

08-09-2017Front Page
ANNUAL PARADE

08-09-2017Front Page
Amberg Agrees To Pay For Rhodes Monument

08-09-2017Front Page
Detail Cemetery Chapel Project in Five Phases

08-09-2017Front Page
Jarred Edgecombe Is New Pound Fire Chief

08-09-2017Front Page
Coleman Legion Post Plans to Sell Building

08-02-2017Sports
August is DNR National Shooting Sports Month

08-02-2017Obituaries
Herbert R. Johnson

08-02-2017Obituaries
Mary A. Hayden

08-02-2017Obituaries
James A. Dietrich

08-02-2017Obituaries
Mary E. Connis

08-02-2017Obituaries
Audrey E. Cisar 

08-02-2017Obituaries
Violet M. Bonini

08-02-2017Obituaries
Ray A. Watts

08-02-2017Obituaries
Lois M. Vander Zanden

08-02-2017Obituaries
Victor P. Stankevich Jr.

08-02-2017Sports
Jerry Goyette Golf Tourney, Dinner Sept. 3

08-02-2017Obituaries
Carl J. Stanislawski

08-02-2017Obituaries
James H. Sellers

08-02-2017Obituaries
Thomas A. Schumacher

08-02-2017Obituaries
Marceil Schumacher

08-02-2017Sports
Redbirds Take Two in Weekend Double Header

08-02-2017Obituaries
Anson R. Schefdore

08-02-2017Obituaries
Dagny J. Rohrberg

08-02-2017Obituaries
Esther Paholke

08-02-2017Obituaries
Brenda L. Oleson

08-02-2017Sports
Marinette Legion Falls In State Run

08-02-2017Obituaries
Antoinette Mitchell

08-02-2017Obituaries
Dawn J. Merrell

08-02-2017Obituaries
Harold Levin

08-02-2017Obituaries
Donna R. Ihander

08-02-2017Obituaries
Gilda A. Colamarino

08-02-2017Obituaries
Patricia A. Bayer

08-02-2017Obituaries
Doris L. Faust

08-02-2017Obituaries
Dorothy M. Carviou

08-02-2017Obituaries
Carol J. Armstrong

08-02-2017Perspectives
Country Cousin

08-02-2017Perspectives
From our readers

08-02-2017Perspectives
From My Window

08-02-2017Community - Wausaukee
Wausaukee Offers Free Concerts in Evergreen Park

08-02-2017Community - Wausaukee
40th Silver Cliff Fire and Rescue, Auxiliary Parade, Picnic Aug. 12th

08-02-2017Community - Wausaukee
Parkinson's Disease Symposium Sept. 22

08-02-2017Community - Wausaukee
Italian Fest at Iron Mountain Aug. 12

08-02-2017Community - Crivitz
Crivitz Fall Fest Sept. 30

08-02-2017Community - Crivitz
Crivitz Rescue 137 Mile Benefit Motorcycle Ride


space
Peshtigo Times
WEB Poll!
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
© 2000-2017
All right reserved
space
Powered by
WEB Media
Interactive
COMMUNITY
WEB sites