Despite its liberal leanings, the Washington Post Editorial Board once recognized that in a democracy, “not everyone is entitled to everyone’s money.”
Well, that could have been wrong because President Joe Biden is oversizing America’s rule of law at a rate that makes President Lyndon B. Johnson’s Great Society initiatives seem like a tax boon. By the way, it was the infamous war on poverty that spent over $ 5,000 billion over the next 25 years, and as the old saying goes: we waged a war on poverty, and poverty won.
But here we go again. Biden has already spent $ 1.9 trillion on welfare programs, including unemployment benefits, free health care, more generous food stamps, rent assistance and more money for schools and governments in States. Now he wants to add to that a $ 3.5 trillion “social infrastructure bill” – that’s the new term for “welfare” – which includes all kinds of new rights, such as universal child care and child care. fully subsidized, a kindergarten, a free community college, and student loan cancellation for children who attended Harvard University. Democrats are also debating whether to make the “temporary” weekly unemployment benefits of $ 300 permanent. This way, no one will ever have to work.
Most dangerous of all are the planned expansions of Medicare and Medicaid. These programs already have a long-term deficit of over $ 55 trillion, according to the watchdog group Truth in Accounting.
So naturally Biden and the Democrats want to put more passengers on this fiscal Titanic.
Medicare would offer a whole range of new benefits, such as vision, hearing and dental care, all paid for by taxpayers. This is at a time when Medicare administrators warn that Medicare Part A’s “trust fund” is likely to run dry by 2026 and possibly as early as 2024. Seniors should be outraged. this raid on the Medicare trust fund.
By the way, Congress has already drawn on Medicare reserves to help fund COVID-19 rescue efforts this spring.
David Jonas, a former member of Barack Obama’s staff, recently exposed the wick in a tweet about the Democrats’ project. He said that “the policy… is almost perfect” because “Medicare expansions are eternal”. He’s right, of course. Once you start giving people free things, it’s almost politically impossible to take them away. This is the insidious nature of the right to cancer cells.
Democrats also want to offer new bribes to citizens of the Red States to sign up for free Medicaid benefits. This program is also financially fragile. So when the Affordable Care Act was created, many Red states wisely refused to take the free money bribe from Washington because they saw the new programs would dig holes in their budgets. national. So now Democrats in Congress want to offer new Medicaid grants to residents of the 12 states, including Florida, Georgia, and Missouri, that have chosen not to expand their Medicaid benefits. They call these “Medicaid-like programs” to be administered by federal authorities.
Readers might be surprised that we need to continue to expand Medicare, Medicaid, “Obamacare” and other grants, because 12 years ago we were told that the $ 1 billion Affordable Care Act, was going to provide universal coverage for everyone. But we continue to spend hundreds of billions of dollars in taxes, and all we hear is how many millions of people continue to lack medical coverage. Perhaps this is because all the money the authorities spend on health care makes the whole system much more expensive.
If all that is not enough, starting this month, people with a certain income will receive checks of $ 3,000 on an annual basis per child. This is in addition to the $ 2,000 per person we sent out earlier this year.
University of Chicago economist Casey Mulligan and I recently published a study sponsored by the Committee to Unleash Prosperity. Thanks to Biden’s new welfare state extensions, families can get up to $ 100,000 in government benefits (tax-free) without anyone working a single hour all year round.
The government will feed you; pay your rent; educate yourself; take care of your children and grandparents; pay for your college and daycare; pay you if you don’t work; and pay for your health care, toothbrush, internet service and, soon, free iPhones (that should be a right, right?).
The real mystery of this new cradle-to-grave rule of law is why people still bother to work.
Stephen Moore is a senior fellow at the Heritage Foundation and an economic consultant at FreedomWorks. He is the co-author of “Trumponomics: Inside the America First Plan to Revive the American Economy”.