Word: socialism
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Dates: during 1930-1939
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...keener interest to Washington was a one-man social performance put on between the Roosevelts' parties by Captain Anthony Eden of England. Continuing his "looking and learning" visit to the U. S. (TIME, Dec. 19), he went to Washington as an ordinary member of Parliament, but popular excitement could not have been greater had he still been Foreign Secretary. The press mobbed him at Union Station. Women workers at the State Department and White House left their desks and cubbyholes to gather in adulating clusters around...
...alarmed view taken last week by most Business spokesmen toward Harry Hopkins as Secretary of Commerce was that, as a chronic social worker and economic planner, he might devise ways-in cahoots with his trust-busting fellow Janizary, Robert Houghwout Jackson, who seems likely to succeed Attorney-General Homer Cummings in January-of fastening new Federal controls upon Business. An entirely different view was expressed by Journalist David Lawrence, one of Business' most alert and alarmable servants. He wrote...
When he proudly put his name to the Social Security Act (Aug. 14, 1935), Architect Franklin Roosevelt observed that the law was "the cornerstone in a structure which is being built, but is by no means complete." Last year the Senate Finance Committee, beset by the clamor of other architects to improve on the plans, commissioned an Advisory Council of 25-including employers, labormen, Government officials and consumers, chairmanned by Princeton Economist James Douglas Brown-to draw up plans for rebuilding the structure. Last week the Council handed back a much amended set of blueprints, designed to repair some...
...hold a reserve of $47,000,000,000. The effect of locking up $47,000,000,000 of public purchasing power would be highly deflationary. Actually, the money is not being locked up but lent to the Government. This means that by 1980 the Government will owe the Social Security Reserve 21% more than the present big national debt (now $38,600,000,000).* It means also that by that year the whole idea of a reserve will be no more than a piece of fancy bookkeeping, for if the Fund wants to spend any of its vast reserve...
...waiting until 1942 to begin monthly benefit payments and making lump sum payments to workers who reach 65 before then, it suggested moving the monthly benefits back to 1940, making them bigger, adding annuities for wives over 65, benefits for widows and orphans. This would reduce the burden on Social Security's independent old-age-assistance program,* designed primarily for uninsured oldsters...