Margaret Thatcher once said that the problem with socialism ‘is that eventually you run out of other people’s money’. As you will see below, the combined enrollment in America’s four largest safety net programs has reached a staggering 236 million. Of course that doesn’t mean that 236 million people are getting benefits from the government each month because there is overlap between the various programs. For example, many Americans that are on Medicaid are also on food stamps, and many Americans that are on Medicare are also on Social Security. But even accounting for that, most experts estimate that the number of Americans that are dependent on the federal government month after month is well over 100 million. And now that so many people are addicted to government handouts, can we ever return to a culture of independence and self-sufficiency?
On Wednesday, CNN ran an editorial by Bernie Sanders in which he called President Trump’s proposed budget ‘immoral’ because it would cut funding for government aid programs.
But is it moral to steal more than a hundred million dollars from future generations of Americans every single hour of every single day to pay for these programs?
Of course the answer to that question is quite obvious.
There will always be some Americans that are unable to take care of themselves, and we should want to help them.
But as millions upon millions of Americans continue to jump on to the safety net, eventually we are going to get to the point where it is going to break.
As I mentioned above, the combined enrollment in the four largest safety net programs has reached a new all-time record high…
This post was published at The Economic Collapse Blog on May 24th, 2017.