Springtime Observations On Obamacare

Coach is Right ^ | 4/8/14 | Michael D. Shaw

[Oldpuppymax]

It is a fool’s errand to attempt a cost-benefit analysis on government programs. War, for example, is probably the oldest government program. It is easy enough to determine the cost in lives and treasure, but it is far more difficult to determine the benefits, and then, if these benefits were worth the cost. Back in the day, victory was the goal, and presumably the overriding benefit. In the past, “victory” was always understood as causing your enemy to surrender. Nowadays, of course, that is no longer the case.

In the 1960s, it became popular to declare “war” on all sorts of social ills, starting with poverty. President Johnson sold his War on Poverty promising to give poor Americans “opportunity not doles,” and spoke of shrinking welfare dependence, rather than expanding it. Most importantly, his program would remove the root causes of poverty—presumably the lack of economic and educational opportunity.

Suffice to say, 50 years later, poverty is still with us, despite total federal expenditures upwards of $20 trillion...

[Vaduz]

Causes of poverty as Joe Biden said it’s a three letter word jobs.