Maker: William M. Vander Weyde (American 1871–1929)
Title: Edward Everett Hale
Date: ca. 1900
Medium: negative, gelatin on glass
Dimensions: 8.5 x 6.5 inches
George Eastman House Collection
General – information about the George Eastman House Photography Collection is available at http://bitly.com/1GWwaVA.
For information on obtaining reproductions go to: http://bitly.com/1GWwaVC.
via Flickr http://flic.kr/p/5nDdt4
Why are we in this debt fix? It’s the elderly, stupid.
It’s the elderly, stupid.
By now, it’s obvious that we need to rewrite the social contract that, over the past half-century, has transformed the federal government’s main task into transferring income from workers to retirees. In 1960, national defense was the government’s main job; it constituted 52 percent of federal outlays. In 2011 — even with two wars — it is 20 percent and falling. Meanwhile, Social Security, Medicare, Medicaid and other retiree programs constitute roughly half of non-interest federal spending.
Read more at www.washingtonpost.com
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