Friday, January 20, 2012

The Road to Hell is paved with Liberals

Liberal programs while started with the best of intentions, have produced abysmal results.

LBJ's War on Poverty programs have cost this country $16 trillion over the last 46 years with no reduction in poverty. In Fact, MORE people are in poverty today than when the programs began.

Social Security is operated in a manner that, if it were the pension plan of an american corporation, would land the officers in prison. Witness Charles Ponzi. No corporation could spend it's workers pension contributions as they come in, then force younger workers to pay for the retirement of the older workers. Social Security was a wonderful way to get workers to LIKE sending tax money to the government. If it had TRULY been designed in the workers best interests, the money would have been invested, out of the hands of congress, in accounts which the worker owned, NOT congress, and it would have produced spectacular results for the worker, not the miniscule $22,000 or so, social security provides today.

Medicare has almost single handedly tripled the cost of basic health care services, with it's diminished reimbursements, it massive regulations, compliance, and paperwork demands, and all of the costs involved with that.

Welfare perverse rules discourage work, and encourage not only pregnancy, but babies without fathers to raise them. Welfare was intended as a temporary measure to help those workers who suffered temporary setbacks, but it's perverse incentive structure, has morphed it into a permanent career of dependency, with the average stay on Welfare, now being 12 years, and intergenerational.

the problem with ALL of these types of programs are that they ignore both basic economics and human nature, by creating perverse incentives that have produced MORE of what the programs were instituted to combat. It is time to review ALL of these to change them into something that ACTUALLY accomplishes the objective, rather than simply burning the taxpayers money on making liberal politicians feel good. It is easy to be generous with other people's money.

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