In a Wall Street Journal column,
Phil Gramm and Mike Solon ask whether the recent rapid expansion of the
welfare state has altered the “old metrics” for assessing how the
economy affects elections.
Specifically, they raise three pointed questions:Excellent questions, all. But, before delving into them, let’s set the table with a few facts.
First, we should recognize that the War on Poverty is now a huge budget item. According to calculations by the Congressional Research Service and the Senate Budget Committee, taxpayers coughed up over $1 trillion in federal and state-provided benefits in 2011. These benefits flow to tens of millions of voters and cover the waterfront, offering low-income Americans everything from cash assistance to food, housing, and medical care, not to mention help with education, transportation, home-heating costs, and child care. Spending on these programs has soared more than 40 percent since 2007. That’s an unsustainable trajectory.
Read more: http://www.nationalreview.com/articles/331549/income-matters-voters-choices-michael-g-franc
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