Word: poorness
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Dates: during 1970-1979
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...until Congress is prepared to curb the uncontrollables. They seem politically sacrosanct because they are mostly transfer payments that go directly to citizens-for Social Security, Medicare, public assistance, veterans' benefits, civil service and military retirement funds. Nobody wishes to deprive further the aged and infirm, the poor and the ill. Yet the total bill for these benefits is expanding faster than the rate of inflation. Almost all legislators agree that the growth of Government spending should be reduced, but many are unwilling to face the wrath of lobbies for old people, veterans, civil servants and others...
Encourage Capital Formation. Gradually remove all Government limits on the amount of interest that banks and other savings institutions can pay, and eliminate all taxes on that interest. This would provide a tremendous boost to private savers, particularly the poor and middle-income Americans, who put a larger proportion of their savings into banks than affluent people do. Simultaneously, reduce or eliminate the double taxation on stock dividends. This would give a lift to investors and pull large sums of money into the stock market, including much capital from abroad, to finance the creation of new enterprises and the expansion...
...stiff federal tax on oil from abroad, enough to raise the price of gasoline to at least $1 per gal., which would still be much less than the price in any other industrial nation except Canada. Some of the money could be returned as tax credits to the poor and to people who need to use much gasoline in their work, including farmers. The rest of the funds could be used, to finance energy development at home. By restraining imports, the U.S. would slow the outflow of American capital to the OPEC cartel and would make still more...
...1960s was the community mental-health movement. That plan to bring psychiatric services to the deprived went hand in hand with a consensus among psychiatrists that state hospitals should be emptied of all but the most intractable and dangerous hard-core patients. The hospitals were jammed and poorly funded in most states. The idea was compelling: since psychiatric hospitals could presumably do little more than store patients, those who responded to the new antipsychotic medication could be released to their families and treated as outpatients. Under the Community Mental Health Center Act of 1963, 647 local centers have been...
Instead of emptying out, state hospitals are just as crowded?but with a higher percentage of untreatable patients. Many of these hapless people, in addition to their mental problems, are poor, infirm or alone and without any basic social skills to survive in the outside world. The drive to empty the hospitals may have gone as far as it can go. The readmission rate is up from 25% in 1960 to more than 65% today, which may indicate that too many have been released. As many as half of those discharged are now living alone, without the family support that...