Word: pensionable
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...gaunt, kindly old man uprose before a small group of people, including 20-odd Congressmen, and began to talk softly but zealously. "The Depression," said he, "was caused by only one thing - failure of the country's purchasing power. The solution is simple. Give all the aged a pension and the task of spending it every month, before they could receive more. Purchasing power will be restored. Business will boom. Prices will go up, of course. But what's the difference? Everyone will have plenty of money. There will be no more poverty. Everyone will be working...
Plan. Dr. Townsend proposes to pay every U. S. citizen over 60 (except habitual criminals) a pension of $200 per month, on condition that he or she retire from all gainful work, promise to spend the whole $200 within the month in the U. S. The money - about $20,000,000,000 per year - is to be raised by a Federal tax, how large or on what Dr. Townsend seems undecided. At first he proposed a 10% retail sales tax. As late as last week he was talking of a 2% tax on all financial transactions. But when...
Richman Vincent Astor provided the yacht which carried the Man of the Year to sea, fishing for bonefish and barracuda off the Bahama Keys while Congress was overriding his veto of veterans' pension increases...
...expect to gain support from people who will not receive the pension by telling them that it will bring back prosperity and a full dinner pail. Whether it will or will not is problematical, but the only way to find out is to try it. Certainly, if $200 a month to octogenarians will bring back prosperity, $10,000 a month to more people will bring it back 50 times as fast. That is simple arithmetic...
...kick was most considerate. The Realmleader, while dismissing Herr Feder as Commissar for Homesteading and Undersecretary of Economics, granted him a handsome pension for life...