Showing posts with label The Great Society. Show all posts
Showing posts with label The Great Society. Show all posts

Tuesday, March 12, 2013

Commentary Magazine Defends Reagan's Liberalism

Peter Wehner, here:

"[I]magine the Norquist and Shirley standard being applied to Reagan in the 1970s. If Jeb Bush’s comments unleashed heated attacks, even given his sterling anti-tax record, think about what Reagan’s support for unprecedented tax increases–including higher taxes on top rates, sales taxes, bank and corporate taxes, and the inheritance tax–would have elicited. The Gipper would have been accused of being a RINO, a pseudo-conservative, unprincipled, and a member of the loathsome Establishment. Fortunately for Reagan (and for America) the temptation to turn conservatism into a rigid ideology was not as strong then than it is now."

Let's face it.

Reagan was a Democrat in recovery who brought a substantial number of Democrats in recovery to the Republican Party, where they met fellow liberals with whom they could forge an alliance around the liberalism bequeathed to them by Wilson and FDR, without the communist fellow traveling. Conservatives got pushed to the side, or taken for a ride.

Reagan defended the welfare state but on a scaled back basis with emphasis on less reliance on government and lower income taxes. The New Deal was not scaled back, nor was The Great Society. Even the ramped up Cold War to defeat the Soviets was interventionist and therefore arguably anti-conservative in its basic impulse. The resulting glorification of the US military would horrify the founders who feared them as instruments of tyranny in the hands of an American Caesar.

And now here we are with an enlarged welfare state in OBAMACARE, and actually having a public kerfuffle about an administration which resisted abjuring the use of said military on American soil to snuff out people it and it alone decides are a threat. You know, like gun owners. Are we really supposed to be charmed by the likes of the Krauthammers of the world who insist what Obama has been doing is entirely consistent with the model of Abraham Lincoln who put fellow Americans Confederates to death based on a private interpretation of the constitution?

Nothing's changed, except for the worse. His truth keeps marching on.

Monday, November 5, 2012

Neal Gabler Can't Face It That Democrats Have Betrayed Social Security

Here, for Reuters:

"There is no gainsaying that the basic purpose of the [Ryan] budget is to dismantle New Deal and Great Society programs that assist the poor and gradually remove the juice from the third rail by privatizing Social Security and essentially voucherizing Medicare. To save the country from the flood of debt, they must save us from FDR and LBJ."

The Ryan Budget isn't even the law of the land because Democrats have stopped it in the Senate. But for two years, two years!, Democrats have enthusiastically advocated and voted for reductions in the payroll tax, removing the juice from Social Security, in order to put cash into people's hands and stimulate the economy. Democrats did this in the lame duck session in December 2010, when they still had complete control of the US government: House, Senate, White House:

"In December 2010, as part of the legislation that extended the Bush tax cuts (called the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, the government negotiated a temporary, one-year reduction in the FICA payroll tax. In February 2012, the tax cut was extended for another year."


Looks to me like Democrats represent the biggest threat to the sacrosanctity of Social Security.

Saturday, February 25, 2012

Marxism Won In America: The New Deal and Great Society Stem From Socialism

So says R. Christopher Whalen here:

[D]espite America’s pretensions to being a free market, democratic society, the Marxian world view won the battle for ideas in the 20th Century. The New Deal and Great Society efforts to increase the scope of government in America all stem from the socialist ideas of FDR and his political heirs in both parties.

A genuine conservatism and a truly conservative Republican Party must stand for dismantling both.

Tuesday, August 16, 2011

Capitalism Hasn't Failed in America. It Just Hasn't Been Tried For A While.

So says Chris Whalen here, in reply to Roubini:

[D]espite America’s pretensions to being a free market, democratic society, the Marxian world view won the battle for ideas in the 20th Century. The New Deal and Great Society efforts to increase the scope of government in America all stem from the socialist ideas of FDR and his political heirs in both parties.

Which explains, among other things, Paul Krugman.

Wednesday, August 3, 2011

Post-War Doubling Times For Federal Spending: Every 9 Years at 8 Percent per Year

US government spending on World War Two reached a crescendo in 1945 at $107 billion, after which spending reset to a post-war low of $36 billion in 1948.

Within 4 years, spending had doubled to $72 billion, in 1952.

It took more than 14 years for federal spending to double again, sometime between 1966 and 1967, when spending shot up on the Vietnam War and the Great Society programs under President Johnson. Spending in 1966 was $135 billion.

By 1974, just 8 years later, spending had nearly doubled again to $269 billion.

Under Jimmy Carter it took just over 5 years for spending to double again, sometime between 1979 and 1980. Federal spending reached $504 billion in 1979.

By 1987, 8 years later, federal spending had doubled again to $1 trillion under Ronald Reagan.

Federal spending did not double again until sometime between 2001 and 2002. It took more than 14 years to do so going through the Bush 41 and Bill Clinton presidencies to the presidency of Bush 43. Federal outlays reached $1.9 trillion in 2001.

Which brings us down the pike to today, when spending is projected to finish the fiscal year at $3.8 trillion, doubling in the 10 years since 2001.

That's 7 doublings in 63 years, or a doubling of US government spending every 9 years since World War Two.

According to the Rule of 72, a doubling every 9 years implies an interest rate of 8 percent per year.

In other words, federal spending has an effective rate of built-in spending increases at 8 percent per year every year since 1948.

When you consider that real GDP growth from 1930-2000 has been 3.5 percent and only slightly better than half that in the decade just past, our spending is completely out of step with reality.

(data from usgovernmentspending.com)

Thursday, May 19, 2011

Free Ticket

"Have we eliminated Social Injustice or Poverty? Or, has the unintended consequence been to create a Welfare State which has become a tool to destroy many American families? Have we not created an opportunity for millions to behave irresponsibly without personal accountability while taxpayers pick up 'the tab'?"