space
space
Peshtigo Times
space
space
space
Perspectives
* Country Cousin
space
space
Sports Shorts
* WIAA Rejects Changing Division Placement, OK Summer Basektball, Hockey, Volleyball
* Bulldog Golfers Run Away with M&O Conference Meet
* M&O SOFTBALL - Peshtigo Enjoys Two Game Lead In Conference
* Peshtigo Stands Alone On Top Of M&O
* DNR Awards Grant To Marinette for Boat Facility

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
04-29-2015Sports
WIAA Rejects Changing Division Placement, OK Summer Basektball, Hockey, Volleyball

04-29-2015Sports
Bulldog Golfers Run Away with M&O Conference Meet

04-29-2015Sports
M&O SOFTBALL - Peshtigo Enjoys Two Game Lead In Conference

04-29-2015Sports
Peshtigo Stands Alone On Top Of M&O

04-29-2015Perspectives
Country Cousin

04-29-2015Perspectives
From our readers

04-29-2015Perspectives
Tales from the old-timer

04-29-2015Obituaries
Joan R. Wauters

04-29-2015Obituaries
James E. Thiel

04-29-2015Obituaries
Delores T. Smith

04-29-2015Obituaries
George L. Severson

04-29-2015Obituaries
Herman Schraub

04-29-2015Obituaries
Florence J. Neumann

04-29-2015Obituaries
Andreas Michels

04-29-2015Obituaries
Judith D. Michalski

04-29-2015Obituaries
Doris L. Lunde

04-29-2015Obituaries
Talise A. Lindstrom

04-29-2015Obituaries
Ellen M. Haut

04-29-2015Obituaries
Gerald “Jerry” Enders

04-29-2015Obituaries
Rev. Fr. Michael J. Clifford

04-29-2015Obituaries
Roberta S. Chagnon

04-29-2015Obituaries
Terri Jo Bischof

04-29-2015Obituaries
Marjorie M. Wentworth

04-29-2015Obituaries
Perry S. Slack

04-29-2015Obituaries
Vincent G. Pickard

04-29-2015Obituaries
Randy Peterson

04-29-2015Obituaries
Angeline Kalisky

04-29-2015Obituaries
Anastasia “Stella” Hendricks

04-29-2015Obituaries
Delores R. Hassenfeldt

04-29-2015Obituaries
Robert A. Hansen

04-29-2015Obituaries
Steven Gus Gilman

04-29-2015Obituaries
Constance Castonia

04-29-2015Obituaries
Adam P. Bird

04-29-2015Obituaries
Jerome R. Anderson

04-29-2015Community - Wausaukee
Legion 66 Meeting, Memorial Services

04-29-2015Community - Wausaukee
Wagner Electors Question Recycling, Dump Speeding

04-29-2015Community - Wausaukee
Wagner Board Approves 2 Loans For Fire Truck

04-29-2015Community - Wausaukee
Distribute Poppy During May

04-29-2015Community - Crivitz
Board Allows Little League To Name Field

04-29-2015Community - Crivitz
T/Stephenson Electors Question Road Projects

04-29-2015Community - Crivitz
Legion Gun Show May 9

04-29-2015Community - Crivitz
Crivitz Students Advance in Youth Business Contest

04-29-2015Community - Coleman
Senior Club to Meet on May 4

04-29-2015Community - Coleman
Beaver/Pound LL Kickball Tourney

04-29-2015Community - Coleman
Accept Items for Club Yard Sale

04-29-2015Community - Coleman
Coleman 2nd Grade Teacher On Renaissance National Honor Roll

04-29-2015News
Goodman Legion Plans Polka Dance May 2

04-29-2015News
Chamber Hosts Movie in Park

04-29-2015News
Benefit for Little Zoie Neville May 16

04-29-2015News
DAV MSO Van To Visit Area

04-29-2015Front Page
Large Turnout at Pancake Breakfast

04-29-2015Front Page
Coleman School Offers Cleaning Jobs, May Cut 4K Friday Class

04-29-2015Front Page
Oconto Board Eliminates Per Diems, Insurance For Chair

04-29-2015Front Page
USH 141 Construction Detours Now In Effect

04-29-2015Front Page
Peshtigo Looks At Utility Rate Hikes

04-22-2015Sports
DNR Awards Grant To Marinette for Boat Facility

04-22-2015Sports
Norway Golfers with 316 Win At Niagara Invitational

04-22-2015Sports
Suring Claims Two Conference Triangulars

04-22-2015Sports
Three M&O Teams Remain Undefeated

04-22-2015Perspectives
Country Cousin

04-22-2015Perspectives
From our readers

04-22-2015Perspectives
Tales from the old-timer

04-22-2015Obituaries
Betty Kirt

04-22-2015Obituaries
Dennis W. Werner

04-22-2015Obituaries
Roger A. Vaessen

04-22-2015Obituaries
Virginia Sengstock

04-22-2015Obituaries
William G. Schultz

04-22-2015Obituaries
Irene M. Schlag

04-22-2015Obituaries
Clarence L. Ninneman

04-22-2015Obituaries
Beverly Lied

04-22-2015Obituaries
Judith L. Lemieux

04-22-2015Obituaries
Timothy E. Kainz

04-22-2015Obituaries
Lloyd H. Hilsabeck

04-22-2015Obituaries
James R. Gray Sr.

04-22-2015Obituaries
Lawrence Colassacco

04-22-2015Obituaries
Donald L. Block

04-22-2015Obituaries
Violet A. Swanson

04-22-2015Obituaries
Charles W. Smith

04-22-2015Obituaries
Joyce Orlando

04-22-2015Obituaries
Michael G. Nelson

04-22-2015Obituaries
Lorraine A. Kososki

04-22-2015Obituaries
Carol J. Kakuk

04-22-2015Obituaries
Vernice A. Holmes

04-22-2015Obituaries
JoAnn Holmberg

04-22-2015Obituaries
Robert W. Gruszynski

04-22-2015Obituaries
Jewel E. Goldsmith

04-22-2015Obituaries
George J. Goettler III

04-22-2015Obituaries
Betty A. Ferguson

04-22-2015Obituaries
Leonard J. Engeldinger

04-22-2015Community - Wausaukee
Medical Facility Honors Unit 66

04-22-2015Community - Wausaukee
Wausaukee Athletes Have Evening of Fun

04-22-2015Community - Wausaukee
Winners in SC Card Parties

04-22-2015Community - Crivitz
Postal Offices Food Drive For Needy

04-22-2015Community - Crivitz
Market Coop Meeting at Crivitz Lodge Apr. 23

04-22-2015Community - Crivitz
Legion Gun Show May 9

04-22-2015Community - Crivitz
ATV Club Clean Parkway Road

04-22-2015Community - Coleman
Woman’s Club Plans Yard Sales

04-22-2015Community - Coleman
Coleman-Pound Lions Breakfast a Success

04-22-2015Community - Coleman
Coleman High School Holds Every 15 Minutes

04-22-2015Community - Coleman
Lioness Group Meat Raffle Apr. 26

04-22-2015News
Marinette To Open Museum

04-22-2015News
Goodman Class DinnerApril 25

04-22-2015News
Blood Drive Set for April 27

04-22-2015News
Twin Bridge Rescue Rummage Sale

04-22-2015Front Page
Departments Hold Joint MABAS Training Monday

04-22-2015Front Page
Revive Peshtigo Fish Viewing Platform Project

04-22-2015Front Page
County Board Says Add Deputies, Find Funding

04-22-2015Front Page
Marinette Co. Confirms Wish To End Airport Partnership

04-22-2015Front Page
Schingick Retiring After 32 Years As Crossing Guard

04-15-2015Sports
Turkeys Are Spotted, Fish Bitting In M&O Area

04-15-2015Sports
Crivtz In Good Shape After Two Conference Wins

04-15-2015Sports
Peshtigo Cruises Past STAA/Lena In Opener

04-15-2015Sports
Wausaukee Beats Crivitz In Ealry Season Showdown

04-15-2015Perspectives
Country Cousin

04-15-2015Perspectives
From our readers

04-15-2015Perspectives
Tales from the old-timer

04-15-2015Obituaries
Earl R. Vaughn

04-15-2015Obituaries
Betty Stebane

04-15-2015Obituaries
LaVerne K. Smaney

04-15-2015Obituaries
Thomas E. Malato

04-15-2015Obituaries
Elaine D. LaValley

04-15-2015Obituaries
Luella J. LaPointe 

04-15-2015Obituaries
Mildred A. Kozak

04-15-2015Obituaries
Jean E. Koth

04-15-2015Obituaries
Lois C. Galarneau

04-15-2015Obituaries
Marie Cullinan

04-15-2015Obituaries
Nancy J. Cooney

04-15-2015Obituaries
Bette R. Brown

04-15-2015Obituaries
Mildred Berger

04-15-2015Obituaries
Mary A. (Bruso) Weissgerber

04-15-2015Obituaries
George J. Vellella

04-15-2015Obituaries
Mary L. Spakowicz

04-15-2015Obituaries
Lawrence M. Servais

04-15-2015Obituaries
Helen T. Scheuer

04-15-2015Obituaries
Joseph J. Nemetz

04-15-2015Obituaries
Patrick Mickelson

04-15-2015Obituaries
Florence I. Magnuson

04-15-2015Obituaries
Helen E. LeBreck

04-15-2015Obituaries
Virginia Kellow

04-15-2015Obituaries
Anna M. (Hansen) Holl

04-15-2015Obituaries
Arleen H. Gabrielson

04-15-2015Obituaries
Paul H. Christy

04-15-2015Obituaries
Rev. Ralph J. Backman

04-15-2015Community - Wausaukee
Wagner Annual, Regular Meetings

04-15-2015Community - Wausaukee
Legion Unit Elects, Seek Event Volunteers

04-15-2015Community - Wausaukee
Silver Cliff Fire, Rescue Auxiliary Hears Reports

04-15-2015Community - Wausaukee
Lions Highway Cleanup Apr. 25

04-15-2015Community - Crivitz
Country Gospel Jam April 17

04-15-2015Community - Crivitz
Legion Post, Unit Meetings April 15

04-15-2015Community - Crivitz
Crivitz Library Closed April 17


space
Peshtigo Times
WEB Poll!
Should Governor Walker be spending more time on Wisconsin issues and less time campaigning for President?
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