“History does repeat itself, but the soundtrack is different, and the sequel is usually disappointing”. – HO
Read More“The data reveal just how far entitlements have departed from their original purpose of providing a measure of security from economic destitution among the elderly, the disabled, and the unemployed and to alleviate poverty among the general population. In 2015, 62 percent of recipient households, encompassing over 100 million U.S. residents, had incomes that were above the poverty line prior to the receipt of assistance. “
Read MoreThe result of this history is that entitlements have expanded far beyond assisting the poor. Many of the benefits go to beneficiaries far above the poverty line. Congress has proven totally untrustworthy in managing surpluses or trust funds or maintaining a sound financial basis. The explosion in entitlements is the primary driver of the post-World War II debts.
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