MathewSmith
Senior Member
- May 24, 2015
- 276
- 67
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The Congressional Budget Office (CBO) estimates in its alternative fiscal scenario that U.S. publicly held debt will grow to 180 percent (exceeding the current Greek-level) by 2039. Yet U.S. debt is already in the danger zone, dragging down present-day growth prospects.
A Scary Thought Could America Become the Next Greece The National Interest
We actually had less poverty in 1965, then our political leadership decided we needed a "War on Poverty." Well,fifty years later and about $20 Trillion in "income redistribution," we have more poverty today than in 1965. Why is that? Our federal government has 125 Federal Anti-poverty programs which distribute money,food, tax credits, housing allowances, child care, health care, and telephones. Nothing like this EVER existed in our country until the New Deal;but even then, President Roosevelt wanted people to provide labor for government assistance. He did not want a nation on the dole.
A Scary Thought Could America Become the Next Greece The National Interest
We actually had less poverty in 1965, then our political leadership decided we needed a "War on Poverty." Well,fifty years later and about $20 Trillion in "income redistribution," we have more poverty today than in 1965. Why is that? Our federal government has 125 Federal Anti-poverty programs which distribute money,food, tax credits, housing allowances, child care, health care, and telephones. Nothing like this EVER existed in our country until the New Deal;but even then, President Roosevelt wanted people to provide labor for government assistance. He did not want a nation on the dole.