Social security will fail and other commentary

[Leroy N. Soetoro]

https://nypost.com/2021/02/01/social-security-will-fail-and-other-
commentary/

Fiscal watch: Social Security Will Fail

At The Washington Post, Mitch Daniels admits defeat: All efforts to stop
Social Security and Medicare from collapsing are futile, as “our political
process is not capable of the kind of decisions that are necessary. The
temptation to savage anyone proposing safety-net reform . . . remains
electorally irresistible and invariably effective.” That has left us “past
the point of no return”: It’s too late to avoid the coming “massive, and
massively unfair, changes in the promises we have made” even to “current
beneficiaries.” Start warning people now, because “if you think confidence
in the federal government is shaky now, wait until it starts reneging on
these ‘sacred’ promises.”

Libertarian: Wage Hike Would Hurt Poor

Team Biden wants to hike the nation’s minimum wage to $15 an hour, yet
that, warns Steven Greenhut at The Orange County Register, would echo the
base rate in the Golden State, which has the highest poverty rate in
America. In the last year, “self-service” car washes in California, with
“skeletal” crews, have proliferated. “Do you think the wage hikes helped
the workers who no longer have jobs?” Fact is, a mandated wage boost hurts
“the least-skilled workers the most.” Low-skill employees lose their jobs
because of increased competition from more experienced and higher-skilled
employees attracted to the new rates. Such new competition will obliterate
entry-level opportunities for those without experience. As the
Congressional Budget Office reports, many “low-wage workers would become
jobless” — and fall into poverty.

Reddit insider: No Regrets

A member of the Reddit forum behind the GameStop frenzy admits anonymously
at The New Republic, “r/WallStreetBets is a sewer. ‘Like 4chan found a
Bloomberg Terminal’ is the motto,” and “its population . . . can be
repulsive, juvenile, aggressive and outlandish — which is how they prefer
it.” They all know GameStop is “going to crash,” but they don’t sell
because “this particular bubble became a call to arms” thanks to the
“egregiousness of the greed on display” from the hedge funds that sought
to tank the stock. And using the Robinhood app “made ‘stealing’ from the
rich all the more delectable.” Lectures from the big guys on CNBC only
“solidified our resolve.” Then Robinhood and even “major investment
platforms, vehicles for the average investor to take part in legal
commerce, closed their doors to us,” while the hedge funds got to keep
going. “The message was unmistakable: If we attacked the wrong people for
too long, we’d get shut down.” But they’ve also learned: “When unified, we
can be a market mover.”

Foreign desk: The Neocolonial EU

“Ireland surely did not spend centuries struggling for independence only
to submit itself to a neocolonial institution like the” European Union,
laments Brendan O’Neill at The Spectator. Last week, President Ursula von
der Leyen’s European Commission used an emergency provision to suspend the
Brexit protocol decreeing an open border between the Republic of Ireland
and Northern Island “as part of its desperate effort to manage its self-
made vaccines crisis.” It “wanted to enforce a vaccines border” and
“didn’t even consult the Irish government” before doing so. The EU
backtracked after outrage, but “Ireland’s political class” must defend
“Irish sovereignty” and “reprimand” the body. Otherwise it sends a signal
they’re “happy to go from the terrible old days of being ruled by Britain
to an equally undesirable situation where they are bossed around by
Brussels.”

Leftist: High Cost of #Defund

At National Review, Zaid Jilani spotlights a new study in the criminology
journal Justice Evaluation on the effects of defunding police on urban
safety. The upshot: “Rapidly depleting the ranks of a city’s police force
can in some circumstances have deadly consequences.” Studying the effects
of the Great Recession on two Garden State cities facing police layoffs as
a ­result of a budget crunch, the authors found that Jersey City (which
avoided police layoffs) continued to witness drops in crime, while in
Newark (which had to cull its police force), “violent-crime rates
increased after the layoffs.” #Defund accordingly.

— Compiled by The Post Editorial Board

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"LOCKDOWN", left-wing COVID fearmongering. 95% of COVID infections
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Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.

Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.

President Trump boosted the economy, reduced illegal invasions, appointed
dozens of judges and three SCOTUS justices.