Home > Markets, politics > The gift of welfare that will keep on giving, unto the 7th generation

The gift of welfare that will keep on giving, unto the 7th generation


Trust the Financial Times of London to get it right, as usual. At least their press hasn’t folded up like cheap lawn chairs in adoration:

About a third of the present stimulus bill – the welfare and social service parts – will be exceedingly hard to end. That includes the $92.3bn being spent on labour initiatives, hiring teachers and expanding pre-schools, and the $11bn in bail-outs to states. The core of the bill is $117bn in healthcare spending, which Republicans correctly see as a way of enacting, under false pretences, the national health plan that Democrats have lacked the mandate to legislate in non-emergency times.

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  1. Terry Lesniak
    February 2, 2009 at 5:29 pm

    Rahm Emmanuel(Obama’s Chief of Staff) said it all the other day…”A crisis is a terrible thing to waste.” Welcome back to the past.

    Terry

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