When the government starts to assume the mass payment of things (think college “education”), the industry that benefits quits thinking how to be most cost efficient and cost effective, and the cost of their products and services begins to exceed the inflation rates in other things.
I did an analysis some years back comparing the average annual tuition cost of college and the price of a gallon over gasoline over the period of 1970s to 2006. My analysis at the time showed that if the price of a gallon of gasoline had risen by an inflation factor equal to the cost of college tuition, gasoline would cost over $12 a gallon.
Government largess to any industry helps make that industry run based on, and seeking more of, that government largess more than anything else. It becomes a circle that just keeps expanding. The handouts help raise the cost, which is followed by requests for greater handouts, which is followed by greater costs, which is followed demand for greater handouts, ad infinitum.
Which is why the founders never put into the constitution the authority for the fed gov to do any of that. And the lib-tards last century just took the power with no push back.
Maybe a nice SCOTUS case striking entitlements down as unconstitutional would ‘fix’ things. /sarc
Funny you talk about education because I was just looking at some graphs on different expenditures.
Education appears to be the most inflationary sector in our society.
Then I looked at nursing homes. They had an 8.5% inflation rate back in the 2010s. No telling what it is now.
This is obviously going to end badly as we are already bankrupt and nobody seems to acknowledge that fact.