space
space
Peshtigo Times
space
space
space
Perspectives
* Country Cousin
space
space
Sports Shorts
* WIAA Board Takes Action on Winter Sports / Pitch Counts
* WFSCA N.E. All-District Softball Team Announced
* Wishigan Baseball
* Legion Baseball
* Marinette Legion's Marathon Weekend Ends in Breakdown

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
06-29-2016Obituaries
Harold A. Towle

06-29-2016Obituaries
Peter Schussler

06-29-2016Obituaries
Donald Schuchart, Jr.

06-29-2016Obituaries
Marvin R. School

06-29-2016Obituaries
George F. Sager

06-29-2016Obituaries
Ione I. Richardson 

06-29-2016Obituaries
Donald A. Payne

06-29-2016Obituaries
Annabelle M. Pawlowski

06-29-2016Obituaries
Hildegarde Patz

06-29-2016Obituaries
Margaret V. Myers

06-29-2016Obituaries
Raymond P. Kess

06-29-2016Obituaries
Joan N. Hummel

06-29-2016Obituaries
Milo Huempfner

06-29-2016Obituaries
Duane F. Harris

06-29-2016Obituaries
Donna M. Doberstein

06-29-2016Obituaries
Phyllis Craney

06-29-2016Obituaries
James Carnitz

06-29-2016Obituaries
Milton L. Brock

06-29-2016Obituaries
John A. Bowers

06-29-2016Obituaries
Bettymae A. Bitters

06-29-2016Obituaries
Donald L. Bergeson

06-29-2016Community - Wausaukee
Ages 10, Younger Softball Schedule

06-29-2016Community - Wausaukee
Registration Open for Northland Camp, Dunbar

06-29-2016Community - Wausaukee
Goodman Fire Department 50th Year Party On July 1st

06-29-2016Community - Wausaukee
Athelstane Firemen's Picnic, Parade July 9

06-29-2016Community - Crivitz
Town to Build Salt, Sand Shed

06-29-2016Community - Crivitz
Crivitz Harvest Fest Sept. 24

06-29-2016Community - Crivitz
Ice Cream Social at Crivitz Church

06-29-2016Community - Crivitz
Twin Bridge Water Ski Show, Fireworks on July 2

06-29-2016Community - Coleman
Brazeau Fire Department Free Smoke Alarm Contest

06-29-2016Community - Coleman
Coleman Classes ൳-'60 Joint Reunion July 17th

06-29-2016Community - Coleman
$83,858 Changes In Coleman School Budget, Not $3,276,642

06-29-2016Community - Coleman
147 Cars Registered at Pound Show June 25

06-29-2016Sports
WIAA Board Takes Action on Winter Sports / Pitch Counts

06-29-2016Sports
WFSCA N.E. All-District Softball Team Announced

06-29-2016Sports
Wishigan Baseball

06-29-2016Sports
Legion Baseball

06-29-2016Perspectives
Country Cousin

06-29-2016Perspectives
From our readers

06-29-2016Perspectives
From My Window

06-29-2016Front Page
County Board Calls For Plan To Cut Borrowing

06-29-2016Front Page
Young and Old Alike Enjoy Breakfast on Farm

06-29-2016Front Page
Crivitz School Partners With Wausaukee for OT

06-29-2016Front Page
Mary Robertson's "Wayfarer" Book Signing at Marinette

06-29-2016Front Page
Oconto County Holds Hour-Long Closed Meet

06-22-2016Community - Wausaukee
Legion Post 66 Meeting is June 25

06-22-2016Community - Wausaukee
Weight Limits Remain on Several Town Roads

06-22-2016Community - Wausaukee
Athelstane Board Gives Approval for Licenses

06-22-2016Community - Wausaukee
Wausaukee to Host Huge July 4th Event

06-22-2016Community - Crivitz
JC PowerSports U-Haul Partner

06-22-2016Community - Crivitz
Crivitz School Given 2 State DPI Awards

06-22-2016Community - Crivitz
Digger Memorial Bike Run on June 25 at The Hawk

06-22-2016Community - Coleman
Fundraiser at Living Waters

06-22-2016Community - Coleman
Select Kushavas Family of Month

06-22-2016Community - Coleman
Coleman Classes ൳-'60 Joint Reunion July 17th

06-22-2016Community - Coleman
13th Annual Village Pound Fire Department Picnic a Huge Success

06-22-2016Obituaries
Jerome H. Peterson

06-22-2016Obituaries
Richard D. McDonald

06-22-2016Obituaries
Lois M. Krenn

06-22-2016Obituaries
Allen R. Jorgensen

06-22-2016Obituaries
Allan Diercks

06-22-2016Obituaries
Jerry A. Cornell

06-22-2016Obituaries
Lewis A. Cook

06-22-2016Obituaries
Reva M. Chevalier

06-22-2016Obituaries
Jeron E. Tebo

06-22-2016Obituaries
William Tappen

06-22-2016Obituaries
Phyllis D. Strohl

06-22-2016Obituaries
Heidi L. Shields

06-22-2016Obituaries
Michael D. Rasmussen

06-22-2016Obituaries
Lorraine G. Geurts

06-22-2016Obituaries
Ronald B. Garrigan

06-22-2016Obituaries
Gwendolyn J. Dohr

06-22-2016Obituaries
Margaret Decker

06-22-2016Obituaries
Charles O. Bergold, Jr.

06-22-2016Obituaries
Raymond L. Anderson Sr.

06-22-2016Sports
Marinette Legion's Marathon Weekend Ends in Breakdown

06-22-2016Sports
Five Marines Named to All-NEC Softball

06-22-2016Sports
M&O ALL CONFERENCE

06-22-2016Sports
M&O All-Conference

06-22-2016Perspectives
Country Cousin

06-22-2016Perspectives
From our readers

06-22-2016Perspectives
From My Window

06-22-2016Front Page
Honest Crivitz Boys Return Purse, $3,000

06-22-2016Front Page
Executive Committee OKs Tour, Argues County Borrowing Policy

06-22-2016Front Page
Dairy Breakfast June 26 On Fendryk Brothers Farm

06-22-2016Front Page
County, Town Agree on Payment for Mercury Spill

06-22-2016Front Page
Deputies Shoot Fitchburg Man After Making Threats

06-22-2016Front Page
New Marinette Kohl's Store Set To Open This October

06-15-2016Community - Coleman
Coleman School Board, Committees Meet June 20

06-15-2016Community - Coleman
Village of Pound Has Openings for Car Show

06-15-2016Community - Coleman
PTO Says Shoe Drive Big Success

06-15-2016Community - Coleman
Dedicate Memorial to Late Don Block

06-15-2016Community - Wausaukee
Post 66 Hosts County Legion

06-15-2016Community - Wausaukee
Seek Items for Altrusa House

06-15-2016Front Page
ACCIDENT SCENE

06-15-2016Community - Crivitz
Crivitz Legion Holds Gun Show

06-15-2016Community - Wausaukee
Wausaukee Grade School Chess Tourney

06-15-2016Community - Crivitz
JC PowerSports U-Haul Partner

06-15-2016Community - Crivitz
Digger Memorial Bike Run on June 25 at The Hawk

06-15-2016Community - Wausaukee
Wausaukee School Board Hears Plans for School Improvements

06-15-2016Community - Crivitz
Crivitz Church Ice Cream Social

06-15-2016Obituaries
Helen Trever

06-15-2016Obituaries
Lucille M. Tessier 

06-15-2016Obituaries
William A. Ruechel

06-15-2016Obituaries
Pearl L. Rizzardi

06-15-2016Obituaries
Donald L. Reed

06-15-2016Obituaries
Eva M. Primakow

06-15-2016Obituaries
Thomas D. Neuens

06-15-2016Obituaries
Alfred R. Glish

06-15-2016Obituaries
Donna M. Dolata     

06-15-2016Obituaries
Sally A. Carlson

06-15-2016Obituaries
Jerry M. Beaudo Sr.

06-15-2016Obituaries
Ernest Banaszak

06-15-2016Obituaries
Ralph E. Zamel

06-15-2016Obituaries
Cynthia L. Zahn

06-15-2016Obituaries
Anita M. Suennen

06-15-2016Obituaries
Loretta Sturgeon

06-15-2016Front Page
Smoke Testing Planned For Peshtigo Sewers

06-15-2016Obituaries
Gerald J. Stujenske

06-15-2016Obituaries
Dorothy A. Sharpe

06-15-2016Front Page
Judge Kent Hoffmann Takes Oath of Office

06-15-2016Obituaries
Eleanor M. Seymour

06-15-2016Obituaries
Diane M. Schwaller

06-15-2016Obituaries
Richard Richards

06-15-2016Obituaries
Victoria J. Peterson

06-15-2016Front Page
Judge Morrison Appointed 8th District Chief Judge

06-15-2016Obituaries
Selma M. Peterson

06-15-2016Obituaries
Otto A. Kaatz, Jr.

06-15-2016Front Page
No Chickens For City Residents

06-15-2016Obituaries
Joyce M. Grun

06-15-2016Obituaries
Kenneth G. Gaveske

06-15-2016Obituaries
Joyce M. Frisque

06-15-2016Front Page
Peshtigo May Get After School YMCA Program

06-15-2016Obituaries
Sarah E. Erdman

06-15-2016Obituaries
Heather A. Davis

06-15-2016Perspectives
Country Cousin

06-15-2016Perspectives
From our readers

06-15-2016Perspectives
From My Window

06-15-2016Sports
Marinette Starts Strong in New Division

06-15-2016Sports
WIAA State Titles Crowned in Softball

06-15-2016Sports
Proposed Conference Realignment Sends Peshtigo to Packerland

06-15-2016Sports
County To Host LMC Annual Tour

06-09-2016Sports
Few Changes to 2016-2017 Basketball Rules

06-09-2016Sports
Marine Golfers Start Strong, Finish Fifth on State Links

06-09-2016Sports
Coleman's One-Two Punch Surprises State Field

06-09-2016Sports
Coleman/Niagara Fall Short In Sectional Semis

06-09-2016Perspectives
Country Cousin

06-09-2016Perspectives
From our readers

06-09-2016Perspectives
From My Window

06-08-2016Obituaries
Jeanette R. Zorzi


space
Peshtigo Times
WEB Poll!
Should the sale of high capacity magazine assault rifles be banned?
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
© 2000-2016
All right reserved
space
Powered by
WEB Media
Interactive
COMMUNITY
WEB sites