Tuesday, May 18, 2021

America’s Welfare State Is on Borrowed Time

America’s Welfare State Is on Borrowed Time
  • Biden has fully embraced the mad goal of giving 98% of the population lavish benefits at no cost.
"Has anyone noticed that the president has proposed increasing federal spending by nearly $1 trillion a year, while promising that 98% of Americans will pay nothing for it? 
The very idea would have seemed mad to every previous generation of Americans. 
Today it is considered conventional.
...Much of the spending is designed to exploit the pandemic crisis by transforming emergency income support into permanent middle-class entitlements for toddler care, higher education, medical services and much else. 
...But set aside these problems and take the Biden plans as advertised, as a tremendous expansion of government paid for by a select few taxpayers plus lots of new borrowing. 
This is the apotheosis of a political transformation that began insensibly in the 1970s and has triumphed with barely a quiver of recognition, much less debate. 
It may be called the borrowed-benefits syndrome...Read all.

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