The author in the early 90s
Yesterday, the AP published an article with this headline: “Social Security not deal it once was for workers.” Perhaps it’s true that Social Security is not as good of a deal as it once was – but it’s still a pretty damn good deal.
This op-ed article first appeared in the Seattle Times.
WHEN the long-awaited agreement between the Department of Justice and city of Seattle was announced, The Seattle Times quite correctly reported that the ACLU and other community organizations greeted the news with "guarded optimism."
After so much anticipation and anxiety, why not a full-scale celebration? Why just optimism tempered by caution?
It’s a feature of nearly every college graduation: that moment when the speaker calls the graduates to stand and acknowledge their parents with a round of applause. It’s a poignant moment at any ceremony, but even more so today as parents are footing more of the bill to see their children succeed.
As college tuition skyrockets and state and federal aid recedes, the impact on students is well documented, but the effect on parents and families – though less publicized – is equally severe.
On the list of things that cross the minds of most young people, Social Security usually ranks near the bottom – somewhere below flossing your teeth but above Justin Bieber’s latest single. It’s understandable. Social Security is usually viewed as a benefit for seniors. But that couldn’t be farther from the truth.
They say if you’re the smartest person in the room, you’re in the wrong room.
But if you and your team are at EOI’s Trivia Night with renowned macroeconomist Dean Baker — author of eight books, co-founder of the Center for Economic Policy Research, and go-to “talking head” for national news outlets — then who’s smarter: Your trivia team or Dean Baker?
The first two years after the official end of the Great Recession, more than 84 percent of all growth in national income went exclusively to corporations. American workers, meanwhile, to0k home just 4.4 percent of income growth in the post-Recession recovery.