A Quote by Allan H. Meltzer
The reason is that Chile is the brightest spot in Latin America. It has very fast growth, low unemployment. It privatized its Social Security system, which we in USA were unable to do.
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If a country like Chile can fix its social security system, there is no reason a country as great as the United States... can't fix our Social Security system.
It was shameful that, after Haiti, Colombia was the second most unequal country in Latin America. But we've achieved some things; the inequality is coming down, and coming down fast. The growing economy has provided us with the funds to finance a very progressive social policy that has reduced extreme poverty. We have the lowest inflation rate of all Latin-America countries and the highest growth rate.
America should meet its obligations in the form of Social Security, Medicare, our ability to pay our military, legally binding legislation that allows unemployment compensation, the judiciary, the federal court system, the federal prison system, all those kinds of things have to be paid for.
The president and Republicans in Congress have repeatedly promised to revisit Social Security privatization after November. But Americans have already said, loud and clear, that they don't want Social Security to be privatized or dismantled.
Social Security is not broke, and Social Security does not need to be privatized.
My Latin temper blows up pretty fast, but it goes down just as fast. Maybe that's why you seldom hear of ulcers in Latin America.
I grew up in the north of Chile, and this is why there are a lot of religious symbols in my pictures: because the Catholic Church in Latin America is very strong.
I grew up in the north of Chile, and this is why there are a lot of religious symbols in my pictures, because the Catholic Church in Latin America is very strong. If I was born in Japan, I would speak about Buddhism, but I was born in South America.
What we've undergone in recent decades worldwide has been totally insane, and all of this is a result of capitalism. The workforce in Latin America was treated as a vulgar instrument for capital accumulation. Mechanisms of exploitation were imposed, such as outsourcing, labor mediation, and the like.The results are plain to see: greater inequality in Latin America; unemployment is higher than in previous decades; we haven't resolved the problem of poverty; we've lost a great deal of sovereignty.
Low unemployment numbers are clear indicators that Republican tax relief and economic policies are spurring growth and helping businesses hire new workers while providing American families with job security.
It is a fact that, if I single out Germany, our rate of growth is too low and we have very high unemployment.
I do not believe that the Social Security system is in crisis. The Social Security Administration itself recently reported that the system is able to pay full benefits as they are defined today until at least 2042.
This majority is working for America, and one of those ways is we have tremendously low unemployment. This economy has created millions of new jobs, and we are expecting growth this first quarter of somewhere higher than 4 percent.
Food poverty exists because of unemployment, low wages, high costs of heating, as well as problems at the DWP including delays in receiving social security, and the cruel and unfair Bedroom Tax.
We need to phase Medicare and Social Security out in favor of something privatized.
Inflation is certainly low and stable and, measured in unemployment and labour-market slack, the economy has made a lot of progress. The pace of growth is disappointingly slow, mostly because productivity growth has been very slow, which is not really something amenable to monetary policy. It comes from changes in technology, changes in worker skills and a variety of other things, but not monetary policy, in particular.
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