1. The U.S. Constitution told us not to.
2. Medicare was passed in 1965 and projected a $9B price tag for the year 1990. The cost in 1990 was, in 1965 dollars, $67B.
3. Medicaid was passed in 1987 with an estimated cost of $100M per year. By 1993 the cost for that year was $11B!
4. In 2006 Massachusetts passed its own universal plan that covers 97% of its citizens. Estimated cost per year was $725M. Just three years later in 2009 the cost is $1B.
Be afraid, be very afraid of the putrid incompetence spewed by Washington regardless of which Party holds the White House.
Need more?
5. The income tax in 1916 was supposed to be 1% for the average guy, and for the rich would be 7%. Four years later, it was 77% top bracket on the rich.
6. Social Security was originally supposed to be 1% on all of us, to be collected if you lived to be 65. At that time the life expectancy was 63, so no one was never supposed to collect. It now costs 6 times what it was originally estimated to cost. It is a Ponzi scheme!
The Lost Art of Critical Thinking and Common Sense in Politics and Public Policy
