LogikAndReazon
Gold Member
- Feb 21, 2012
- 5,351
- 668
- 190
"The welfare state is the single biggest financial problem we face, annually consuming more than the combined cost of the Iraq and Afghanistan wars plus the TARP bailouts. Like The Blob, it grows by devouring everything in its path, requiring us to borrow $41,222 per second just to keep government running. At almost $16 trillion, the national debt exceeds the size of our economy and is growing so rapidly that the Congressional Budget Office predicted it could cause a permanent recession by 2025.
Like an overweight jockey riding an emaciated thoroughbred, our bloated government sector is not only crushing the private economy; it's handicapping our opportunity society. Americans are aspirational and self-reliant people, so it's heart-wrenching to note that after spending $15 trillion in the war on poverty, America's poverty rate has barely budged, food-stamp dependency is at a record high, and the percentage of Americans in the work force is at a record low.
As economist Herb Stein said, If something can't go on forever, it will stop. New York Times columnist Bill Keller called for that last week, writing, We should make a sensible reform of entitlements our generation's cause.
http://www.aspentimes.com/article/20120802/COLUMN/120809987/1021&parentprofile=1061
Like an overweight jockey riding an emaciated thoroughbred, our bloated government sector is not only crushing the private economy; it's handicapping our opportunity society. Americans are aspirational and self-reliant people, so it's heart-wrenching to note that after spending $15 trillion in the war on poverty, America's poverty rate has barely budged, food-stamp dependency is at a record high, and the percentage of Americans in the work force is at a record low.
As economist Herb Stein said, If something can't go on forever, it will stop. New York Times columnist Bill Keller called for that last week, writing, We should make a sensible reform of entitlements our generation's cause.
http://www.aspentimes.com/article/20120802/COLUMN/120809987/1021&parentprofile=1061