The musings of a politically incorrect dinosaur from a forgotten age where civility was the rule rather than the exception.
The Constitution was made to guard the people against the dangers of good intentions." --American Statesman Daniel Webster (1782-1852)
Sunday, September 9, 2012
Are entitlements corrupting us...?
My Friend Shelldude posted this on Facebook and I am a firm believer of "If I like it..I will shamelessly "borrow" it and pass along the props to the author."
1960, U.S. government transfers to individuals totaled about $24
billion in current dollars, according to the Bureau of Economic
Analysis. By 2010 that total was almost 100 times as large. Even after
adjusting for inflation and population growth, entitlement transfers to
individuals have grown 727% over the past half-century, rising at an
average rate of about 4% a year."
"In 1960, entitlement
payments accounted for well under a third of the federal government's
total outlays—about the same fraction as in 1940, when the Great
Depression was still shaping American life.(...) By 2010 they accounted
for just about two-thirds of all federal spending, with all other
responsibilities of the federal government making up barely one-third."
And what happened just after 1960, boys and girls? Why, Lyndon
Johnson's 'Great Society' programs, that's what. Thanks for nothing,
Lyndon, you sorry bastard.