Hello, Welcome to the sixty-seventh issue of Allison’s Ode to the Second Moment, a newsletter that will warn you when the revolution comes. Millennials declare war One of the lasting legacies of the original New Deal was Social Security, or the creation of a major entitlement for the elderly. This marked the start of the government (and not just the U.S.) spending a significant amount of resources on the elderly. No judgement here, as redistributing resources to the elderly can be efficient if it’s structured well. Like it or not, that’s what remains of the New Deal, and as the size of elderly population has grown and benefits have been expanded, it takes up more of our budget.
Allison's Ode to the Second Moment
Allison's Ode to the Second Moment
Allison's Ode to the Second Moment
Hello, Welcome to the sixty-seventh issue of Allison’s Ode to the Second Moment, a newsletter that will warn you when the revolution comes. Millennials declare war One of the lasting legacies of the original New Deal was Social Security, or the creation of a major entitlement for the elderly. This marked the start of the government (and not just the U.S.) spending a significant amount of resources on the elderly. No judgement here, as redistributing resources to the elderly can be efficient if it’s structured well. Like it or not, that’s what remains of the New Deal, and as the size of elderly population has grown and benefits have been expanded, it takes up more of our budget.