Spend on--it's not your money right?
Nicholas Eberstadt: Yes, Mr. President, We Are a Nation of Takers - WSJ.com: " . . . the country's social-welfare spending is generating severe and mounting hazards for the nation. These hazards are not only fiscal but moral.
A growing body of empirical evidence points to increasing dependency on state largess. The evidence documents as well a number of perverse and disturbing changes that this entitlement state is imposing on society.
• Over the 50-plus years since 1960, according to the Bureau of Economic Analysis, entitlement transfers—government payments of cash, goods and services to citizens—have been growing twice as fast as overall personal income. Government transfers now account for nearly 18% of all personal income in America—up from 6% in 1960 . . . "
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Briefly Noted for 2020-10-26
2 days ago