Tuesday, June 26, 2012

Welfare State Sustainability

I don’t think this history proves that “politics, money, party and party loyalty” crassly determined the decisions of the 1930s. If that were true, why accord them precedential weight today?
Rather, what it shows is that the United States periodically redefines the role of the federal government in society, in a process that is both political and legal — and, sometimes, more revolutionary than evolutionary. In that sense, we do have a “living Constitution.”
In the 1930s, expanding federal power was innovative, promising. By blessing it, the court aligned itself with the wave of the future, in this country and globally. Ditto for the 1960s. Much of the legislation that resulted — from Social Security to the Voting Rights Act — was indeed progressive.
Today, however, there is nothing new about federal intervention — and much evidence from the past 70 years that big programs produce inefficiencies and unintended consequences.
http://www.washingtonpost.com/opinions/charles-lane-redefining-american-government-through-obamacare/2012/06/25/gJQAdmIp2V_story.html

Unintended consequences like the unfunded entitlement programs exceeding a half million dollars per US household, after collection of the projected tax revenue for a generation.  IOW - a lifetime of taxes plus a half million dollars per household. 

But at least our elected officials are making the tough calls necessary to reel this nasty beast in ....

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