November 2, 2013
Charity, Entitlements, Robbing Taxpayers
[From article]
More than 40 percent of federal spending is for entitlements for the elderly in the forms of Social Security, Medicare, Medicaid, housing and other assistance programs. The Office of Management and Budget calculates that total entitlement spending comes to about 62 percent of federal spending. Military spending totals 19 percent of federal spending. By the way, putting those two figures into historical perspective demonstrates the success we've had becoming a handout nation. In 1962, military expenditures were almost 50 percent of the federal budget, and entitlement spending was a mere 31 percent. The Congressional Budget Office estimates that entitlement spending will consume all federal tax revenue by 2048.
[. . .]
Despite the fact that today's increasing levels of federal government spending are unsustainable, there is little evidence that Americans have the willingness to do anything about it. Any politician who'd even talk about significantly reining in unsustainable entitlement spending would be run out of town. Any politician telling the American people they must pay higher taxes to support handout spending, instead of concealing spending through deficits and running up the national debt and inflation, would also be run out of town. Can you imagine what the American people would do to a presidential candidate who'd declare, as James Madison did in a 1794 speech to the House of Representatives, "Charity is no part of the legislative duty of the government"?
http://jewishworldreview.com/cols/williamns103013.php3#.UnHH2t00jDo
Jewish World Review
Oct. 30, 2013/ 26 Mar-Cheshvan, 5774
Is There a Way Out?
By Walter Williams
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment