What's Eating Our Economic Lunch?

Simply put - Entitlements - mostly Medicare and Medicaid.

In 1965 under LBJ (one of the most profligate spenders in US history), the US Congress with Democrat Super-Majorities in BOTH houses passed a Social Security "reform" act as part of Johnson's "Great Society" program. This was the first public health insurance ( Read more... )

I've been reading the book, "The Shock Doctrine" by Naomi Klein. It's primarily about the Friedman economic theory of Monetarism and the Unregulated Free Market system he proposed, and the methodology that was used to "install" the system on an unwilling population. According to the book, there is/was all kinds of skulduggery and evil thieving ( Read more... )