Showing posts with label African American Demographic. Show all posts
Showing posts with label African American Demographic. Show all posts

Monday, January 26, 2015

More Black Homeowners Are Underwater

Michael A. Fletcher, Jan. 24, 2015, Washington Post

The same reversal of fortune is playing out across the country as black families who worked painstakingly to climb into the middle class are seeing their financial foundation for future generations collapse. Although African Americans have made once-unthinkable political and social gains since the civil rights era, the severe and continuing damage wrought by the downturn — an entire generation of wealth was wiped out — has raised a vexing question: Why don’t black middle-class families enjoy the same level of economic security as their white counterparts?

Read more: www.washingtonpost.com


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Sunday, January 25, 2015

"The African American Stake in Soc Sec Reform"

Michael D. Tanner, Feb. 5, 2001, CATO

Yet Social Security is facing a financial crisis. Within 15 years, the program will begin running a deficit, spending more on benefits than it takes in through taxes. The Social Security Trust Fund, which is supposed to continue paying benefits until 2037, is really little more than a collection of IOU’s. Without an enormous tax increase, Social Security will not be able to pay all the benefits that have been promised. That would be devastating for African-American seniors.

Read more: www.cato.org


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Tuesday, May 20, 2014

Dr. Ben Carson, 2013 National Prayer Breakfast
By Joshua DuBois, May 16, 2014, Dailybeast.com

Dr. Ben Carson was in the news again this week, this time for comparing America to Nazi Germany. But his story is, for many African American men, a deeper tragedy—in ways that others may not know.

For me, I "met" Dr. Carson in my 10th grade year. There had been a scuffle at school; well, a scuffle after football practice is more precise. First words, then shoves, were exchanged, and finally, testosterone thick in the air, a few blows were thrown. Both my combatant and I claimed that the other was at fault. And we were both suspended from school.

My mother was dismayed, thinking that my college prospects had flown out the window with the first punch. In addition to a range of more severe punishments—no driver's license this year!?—she marched me into our den and handed me a worn, dog-eared book:Gifted Hands: The Ben Carson Story, by Ben Carson, M.D. I was not to leave the room, except for food, bathroom, and sleep, until I finished this book.

A smiling, wise-looking Black man with a stethoscope around his neck stared out from the cover. I disliked him at first; our introduction had not been voluntary, and he seemed like the type of guy who would frown on me getting suspended. But I cracked open the book, and it didn't take long for my opinion to change.

Here was a kid, young Carson, growing up in inner city Detroit with an absent father and mom who was facing all sorts of problems. But she still instilled in him the values that allowed him to thrive, and thrive this young man did, all the way to Johns Hopkins, where he became the chief of neurosurgery.

I was floored by his story. And l found out later that thousands of other young Black boys were floored right along with me, provoked by thousands of concerned, caring moms who handed them the same book. I can't say that Carson's narrative was life-changing—it was something short of that—but it did become embedded in the back of my mind, a device to pull from at low moments. "Well, Dr. Ben Carson did it, so perhaps so can I."

Skip roughly 15 years later. I was at the National Prayer Breakfast in early 2013, and heard Carson's speech there, where he lambasted “political correctness” and progressive policies. It was an unfortunate speech, but not because it was a conservative speech; it was unfortunate because of the occasion.

This prayer breakfast, which I had attended for years, is intended to be a haven of bipartisan civility for members of Congress and the president in a year otherwise filled with discord. Carson's disjointed ramblings about health savings accounts and the national debt might be fine at a Tea Party rally, but slotted between prayerful invocations and benedictions, they were caustic, awkward at best. Many in the room, Republican and Democrat, quietly agreed, and decided that future years should not feature such partisan speakers.

Read the fun story:  www.thedailybeast.com

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