This Reminds me of the Great SocietyPosted: August 24, 2010
If you’re old enough to remember that term you know what I’m talking about. Lyndon Johnson had a program called “The Great Society” which basically aimed to do several things. The main goal was to eliminate poverty – it spawned the so called ‘war on poverty’.
‘Officially’ the poverty has decreased since Johnson’s time from about 23% in 1959 to around 13% in 2005. However, I don’t believe that for one minute. The federal government has long been out of touch of the real poverty versus relative poverty. It’s like the difference between ‘minimum wage’ and ‘living wage’. According to the US HHS, poverty for a family of four is an income less than $22,050 per year. That’s barely enough for one person (by the way, a household of 1 is defined as less than $10,830 per year).
The biggest poster child of the Great Society was the Welfare System. Now that sure worked well didn’t it? Poverty can only be battled by freedom – not more government intervention and control. Welfare only trapped people and did not encourage them to work nor did it give them any incentive to work. It took 32 years for congress to finally realize this mistake and add some incentive to the program.
So the Barack Obama stimulus and Health Care spend-a-thons reminds me of the Great Society. Trying to solve big, complex problems by QUICKLY throwing money and government control at it. Didn’t work before and it won’t work now. The only thing it will accomplish is more debt to hand down to Generation Z and beyond.