I have posted many times here that the Baby Boomers, having inherited a $400B national debt (1972, when 18-yr-old Boomers were given the vote), and having invented nothing new, having won no real wars, having managed only to spend us in to the ground on failed social welfare programs, turned that $400B debt into one of $13T.
The debt’s pretty flat from 1945 – 1972, when Boomers first began running for office. Since then it’s increased enormously.
But – BUT – is it fair to blame the entire $13T on failed social welfare programs, as I constantly do?
Well, here’s a report that, yes, it is.
What has been the purpose of these social welfare programs? In announcing his “War on Poverty” in 1964, LBJ declared an “unconditional war on poverty in America.” How’d that work out for the poor?
The poverty rate in 1964 was around 19%. And falling. The poverty rate in 2010, 46 years – two generations – later? 15%
So – we have spent more than $13T (does that number sound familiar?) “fighting poverty” yet poverty never has fallen below 10.5% and is again – now – climbing thanks to the same failed social welfare policies of redistribution.
Boomers: $13T stolen from our economy, our future, our children… for failure of their programs which ALWAYS and in EVERY time, culture, nation, HAVE failed…. and always WILL FAIL.
Those cities dependent on these programs have, like Detroit, become total and complete basket-cases with fleeing populations, no families, worse education and no future.
And people still vote for Democrats?
That is nothing but a testament to the appallingly bad schools run by our dregs-of-society teachers protected by a rent-seeking union. Kids actually grow-up thinking “Progressive” policies are good for the nation. There are NO historical instances supporting that argument. EVERY historical reference denies this – but we keep allowing it to be taught to our children.