March 4,2025- In the late 1920s, it was decided, by the Executive Branch, that the solution to the world’s gathering economic woes was to place trust in its economic elite, particularly the business titans of the United States. Granting exemptions and privileges to the “movers and shakers” was seen by the Hoover Administration as central to the nation’s, and the world’s , recovery following the Stock Market crash of October, 2029.
It proved to be too little, too late. The solution that worked proved to be the counterintuitive one-Massive investment by the government itself, large-scale programs that lifted society up by loaned bootstraps: The New Deal, a sequel to the Square Deal that was initiated by President Theodore Roosevelt, nearly thirty years earlier. That agenda increased government monitoring of business and enacted public health programs. The agenda of TR’s cousin, Franklin Delano Roosevelt, brought government into everything from flood control and rural electrification to the basic well-being of senior citizens and control of traded securities.
That the United States was drawn into World War II added to the economy in some respects and hampered it in others. War and defense industries flourished, while the workforce was limited by the need for so many men and women to go forth in safeguarding the nation’s, and the world’s, freedom.
Nearly a century after the Crash, we face a related reckoning. The notion that the government should be far less involved in social welfare is again gaining traction. It has been said, several times of late, including by the President in his speech to Congress, this evening, that payouts to deceased people have been ongoing. My wife of 29 years died, 14 years ago tomorrow. When she had been laid to rest, and the family members had gone back to their own lives, I took it upon myself to return funds that were no longer hers and to pay back her insurers that which had been overpaid. Further, time passed and I received Survivor Benefits from the Social Security Administration-until I filed for my own Retirement, upon reaching the age of 70. At that point, the Survivor Benefits stopped. I doubt that my handling of our situation is an anomaly.
I do not understand the insistence, by people who are independently wealthy and have no need of Social Security, that the rest of us should be asked to give up our benefits. Before anyone says that is not what Elon Musk and others are advocating-please note that he referred to Social Security as a Ponzi scheme. I paid into the fund, from November, 1966-February, 1987 and again from March, 1992- November, 2020. Heck, when I work occasionally as a Substitute Teacher, I am still paying into the Fund. I am getting back what I gave. I do not feel grifted.
Between the day after the Stock Market crash of October, 1929 and the inception of the New Deal, there emerged, across the nation, settlements of displaced workers and their families. These were called Hoovervilles. They gradually closed, as the economy slowly improved and the war effort took more people into the realm of military service. The Hoovervilles, in fairness, make today’s homeless encampments seem small by comparison-even in California.
I wonder, though, what will be the end result of slash and burn? What programs do the DOGE executives have in mind for those currently being displaced? Have they thought that far ahead, or are they acting as the new hounds of latter day Hoovervilles? I can work, if need be, for the foreseeable future. As I look around at my contemporaries, however, I see that not everyone can.













