'…a major destabilizing influence'
On Thursday, April 2, the bottom fell out of the US economy, as the US Department of Labor reported that an unprecedented 6.6 million more workers in the US had been laid off and had filed claims for unemployment compensation payments with their state Unemployment Offices last week. That stunning news followed the already …
Continue reading “Neither Pandemic Nor Economic Collapse is Going to Be a Short-Lived Crisis”
Probably the most important single legacy of what happened in the period of the Great Depression and the New Deal was the establishment of Social Security, the federal program that today pays benefits to 63 million US elderly, disabled adults and dependent children left by a deceased bread-winner. That’s one-in-six of all people in this …
Continue reading “Social Security is the Key to Progressive Change in America”