Lessons from History


When debating someone on the pros and cons of either the stimulus or the Health Care bills, here is some important information to remember.

A brief history of big government programs:

1913: The income tax is made possible via Constitutional amendment. Critics protest that there is no top rate set, warning that the top rate might rise to as much as ten percent. They are assured that no such thing will ever happen.

1936: A Social Security Administration explanation of the programs says : “And finally, beginning in 1949, 12 years from now, you and your employer will each pay 3 cents on each dollar you earn, up to $3,000 a year. That is the most you will ever pay.”

1962: AFDC is expanded to “fight poverty” Democrats argue that the numbers are very small and increasing payments will help families get out of poverty. Critics say it will lead to dependency. Before welfare reform you had 15 million recipients and were entering the fourth generation of dependency.

1964 – Critics of the Civil Rights Act charge that it will result in quotas. Hubert Humphrey responds “I‘ll eat my hat if this leads to racial quotas.”

1966 – Critics claim Medicare will be too expensive. The Democratic-dominated “House Ways and Means Committee estimated that Medicare would cost only about $12 billion by 1990 (a figure that included an allowance for inflation). This was supposedly a ‘conservative’ estimate. But in 1990 Medicare actually cost $107 billion.”

2003 – Medicare Part D, drug plan is estimated to cost “only” $340 billion over ten years. Only a few years later and the cost is $540 billion and rapidly rising.

Hat tip to Billy Hollis

Category: , ,

RSS feed | Trackback URI

1 Comment Leave a comment

No one seems to listen to history other than myself and a few others

Richard Mullins Wednesday, July 22nd at 6:54PM EDT (link)

It’s like the old song, “What goes around comes around”. Some fools never learn. To this I don’t think that meaningful legislation is coming out of congress, so i’m turning my attention to the 82nd Legislature instead. I figure it has a better chance there(of course we have to wait until 2011 for that though).

For more on my views, go my wordpress site:
http://rpmullins.wordpress.com

For more on Happy jet airlines, go here:
http://happyjetairlines.wordpress.com

For a good dose of satire go here:
http://thesquash.wordpress.com

For more of I like to do a lot:
http://www.flickr.com/photos/42008626@N03

 

Leave a Comment

 

Be respectful, or be banned. No Profanity.