Krauthammer
http://www.washingtonpost.com/opinions/the-great-divide/2011/07/28/gIQAeOtifI_story.html
The great divide
By Charles Krauthammer, Published: July 28<!-- /byline -->
<ARTICLE>We?re in the midst of a great four-year national debate on the size and reach of government, the future of the welfare state, indeed, the nature of the social contract between citizen and state. The distinctive visions of the two parties ? social-democratic vs. limited-government ? have underlain every debate on every issue since Barack Obama?s inauguration: the stimulus, the auto bailouts, health-care reform, financial regulation, deficit spending. Everything. The debt ceiling is but the latest focus of this fundamental divide---
Obama faces two massive problems ? jobs and debt. They?re both the result of his spectacularly failed Keynesian gamble: massive spending that left us a stagnant economy with high and chronic unemployment ? and a staggering debt burden. Obama is desperate to share ownership of this failure. Economic dislocation from a debt-ceiling crisis nicely serves that purpose ? if the Republicans play along
--another good article from Investors Dailey
http://www.investors.com/NewsAndAna...01107261841/Govt-Racks-Up-Another-Failure.htm
Gov't Welfare Widens The Wealth Gap
Posted 07/26/2011 06:41 PM ET
Starting in 1964, when President Johnson launched the War on Poverty, a well-intentioned crusade to end poverty, the U.S. has spent an estimated $16 trillion trying to help the less well-off.
LBJ and other well-meaning Democratic politicians at the time also hoped that the burgeoning welfare state would make people more self-sufficient, a noble goal. It didn't work.
Today, some 44 million Americans are on food stamps. In 2007, it was 26 million. Treasury Secretary Tim Geithner recently boasted that U.S. issues more than 80 million checks a month. But while the U.S. has more than 70 means-tested welfare programs, the poverty rate today is higher than it was in the late 1960s.
http://www.washingtonpost.com/opinions/the-great-divide/2011/07/28/gIQAeOtifI_story.html
The great divide
By Charles Krauthammer, Published: July 28<!-- /byline -->
<ARTICLE>We?re in the midst of a great four-year national debate on the size and reach of government, the future of the welfare state, indeed, the nature of the social contract between citizen and state. The distinctive visions of the two parties ? social-democratic vs. limited-government ? have underlain every debate on every issue since Barack Obama?s inauguration: the stimulus, the auto bailouts, health-care reform, financial regulation, deficit spending. Everything. The debt ceiling is but the latest focus of this fundamental divide---
Obama faces two massive problems ? jobs and debt. They?re both the result of his spectacularly failed Keynesian gamble: massive spending that left us a stagnant economy with high and chronic unemployment ? and a staggering debt burden. Obama is desperate to share ownership of this failure. Economic dislocation from a debt-ceiling crisis nicely serves that purpose ? if the Republicans play along
--another good article from Investors Dailey
http://www.investors.com/NewsAndAna...01107261841/Govt-Racks-Up-Another-Failure.htm
Gov't Welfare Widens The Wealth Gap
Posted 07/26/2011 06:41 PM ET
Starting in 1964, when President Johnson launched the War on Poverty, a well-intentioned crusade to end poverty, the U.S. has spent an estimated $16 trillion trying to help the less well-off.
LBJ and other well-meaning Democratic politicians at the time also hoped that the burgeoning welfare state would make people more self-sufficient, a noble goal. It didn't work.
Today, some 44 million Americans are on food stamps. In 2007, it was 26 million. Treasury Secretary Tim Geithner recently boasted that U.S. issues more than 80 million checks a month. But while the U.S. has more than 70 means-tested welfare programs, the poverty rate today is higher than it was in the late 1960s.
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