MONEY AND WORK

News from the Progressive Review, providing alternative news and comment for over four decades.

January 8, 2009

CRASH TALK

Dean Baker, Prospect - The NYT is doing some serious fear-mongering when it tells readers that Social Security is a program that along with Medicare "threaten to grow so large as to be unsustainable in the long run." Because are children and grand-children are projected to live longer lives than us, the costs of Social Security are projected to outrun its revenue in 40 years, but the projected shortfalls are relatively modest. They can be easily addressed by sorts of changes to the program (tax increases and or spending cuts) that we had in the decades of the 50s, 60s, 70s, and 80s. There is no realistic sense in which Social Security can be termed unsustainable unless we take the view that unlike in prior decades, the program can never be changed.

Click On Detroit - A Detroit elementary school is asking for donations of toilet paper and light bulbs to keep their school functioning. The principal of the Academy of Americas sent a letter to staff, parents and partners asking for donations of items "that are of the utmost importance for proper school functioning and most importantly for student health and safety." In the letter, Principal Naomi Khalil cited budget constraints within the district as the reason why the school could no longer stock the items. . . The letter asks for toilet paper, paper towel rolls, trash bags and 60, 100 or 150-watt light bulbs. . . Parents said a letter went out asking for supplies at the start of the school year. "They sent out a letter for pencils, pens, they put Kleenex on there," said parent Danny Huddleston.

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