Political Economy

2019 Status of the Social Security and Medicare Programs

Past In April of 1935, politicians passed the Social Security Act through the U.S. House and in June through the Senate; it was signed into law by President Roosevelt on August 14, 1935. [1] Ida May Fuller became the first beneficiary of recurring monthly retirement payments on January 31, 1940, with a check for $22.54. …

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Status of the Social Security and Medicare Programs

Past In April of 1935, politicians passed the Social Security Act through the U.S. House and in June through the Senate; it was signed into law by President Roosevelt on August 14, 1935. [1] Ida May Fuller became the first beneficiary of recurring monthly retirement payments on January 31, 1940, with a check for $22.54. …

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Status of the Social Security and Medicare Programs

Past In April of 1935, politicians passed the Social Security Act through the U.S. House and in June through the Senate; it was signed into law by President Roosevelt on August 14, 1935. [1] Ida May Fuller became the first beneficiary of recurring monthly retirement payments on January 31, 1940, with a check for $22.54. …

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Minimum Wage and Poverty

The Fight for $15 minimum wage proponents have established a McDonald’s employee sect that claims racism and threatens “to do whatever it takes” for a $15 minimum wage and the right to join a union.  Along with the demands they claim that the company is guilty of corporate greed, collusion, intimidation, and widespread sexual harassment.…

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Basic economics escapes Washington minds

It’s enlightening to note that, among John Ninfo’s “Top 20 Mistakes Made by People Who Have Filed for Bankruptcy,” 16 are regularly practiced by politicians. . In 2006 when arguing whether to raise the national debt limit to about $9 trillion, then Sen. Barack Obama addressed the president and blamed the unsustainable debt on “leadership…

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