Lunch Links

Lunch Links for Wednesday

cakeLet’s start off today’s lunch links with a bit of dessert – specifically birthday cake.

Why?

Well, it was 78 years ago today that President Franklin D. Roosevelt signed the Social Security Act into law, creating a safety net that has helped millions of seniors pay their bills, buy groceries, and stay out of poverty.

The North Carolina Alliance for Retired Americans marked the occasion earlier today with cake, a large birthday card, and the release of a new report that highlights the impact of Social Security on North Carolinians.

Here are a couple of quick facts about the program and its impact:

• Social Security provided benefits to 1,209,099 North Carolina retired workers in 2012, two-thirds (65 percent) of beneficiaries
• The typical benefit received by a retired worker in North Carolina was $14,795 in 2012.
• Social Security lifted 498,000 North Carolinians aged 65 or older out of poverty in 2011.
• Without Social Security, the elderly poverty rate in North Carolina would have increased from 1 in 10 (10 percent) to half (50.9 percent).

Speaking of North Carolina seniors, Colorlines.com introduces us to Rosanell Eaton, the 92-year-old Franklin County woman who has joined with the NC NAACP to fight the sweeping election law Governor Pat McCrory signed Monday.

In case you missed it, yes, North Carolina is once again on the front page of today’s New York Times.

North Carolina lawmakers weren’t too keen on Tesla Motor earlier this year. But let’s hope they show a little more love to founder Elon Musk this time around. Musk is back in the news this week with his vision of the future – the Hyperloop.

Readers over at Think Progress continue to hammer Rep. Paul Stam, following the House Majority leader’s remark that state Superintendent of Public Instruction June Atkinson “stick to her own knitting.”stam2 (More than 100 folks have weighed in – here’s one comment on the right.)

Whew! After getting an earful like that one might want to check their hearing!

Thankfully, the good folks at Asap Science just uploaded this cool new video:

YouTube Preview Image

Okay, while you ponder whether  it’s time to lower the volume on your ipod, enjoy what’s left of your lunch break. And be sure to check back this afternoon, when Sharon McCloskey will have another great courts and law story for NC Policy Watch.

Can’t wait until then? Okay, check out Sarah Ovaska’s post on some very big raises over at DHHS. Lindsay Wagner also has a good story on our main site about a Robeson County private school-turned-charter, which raises some questions about open enrollment.

4 Comments

  1. Celia Rowland

    August 14, 2013 at 12:48 pm

  2. Alex

    August 14, 2013 at 3:10 pm

    Social Security is nothing more than a big Ponzi scheme that worked fine when we had a lot of workers paying in, and a small number of retirees taking money out. Now the tables are turned around, and we are paying out more dollars than are being collected through payroll taxes. As we retire 10,000 baby boomers every day, the program has to now dip into trust funds, and is predicted to be insolvent in 15 or 20 years without major revisions. In most cases, current workers will not even receive benefits equal to the amount they pay in. All of the current entitlements will begin to slowly eat up the entire budget of this country as we have made more promises than we can deliver.

  3. Doug

    August 14, 2013 at 6:40 pm

    Alex, I posted a much shorter comment on a later post, but agree fully. Your last line hits home, our unfunded liability is somewhere around $86,000,000,000,000 and rising. As Obi Wan Kenobi says “I’ve got a bad feeling about this!”

  4. Jim Wiseman

    August 15, 2013 at 8:59 am

    Alex and Doug, as Gabby Johnson would say, “Rer rer!”