David Galland on How the Government Programs Are Broken
Here’s a nugget from Chuck Butler’s Daily Pfening today. By the way, I highly recommend reading the Daily Pfening. Chuck Butler always keeps it informative and entertaining. David Galland puts to words what I have been saying to my friends for years. The way the government goes about doing things, the programs are guaranteed to fail. Of course, maybe the government should not get involved in areas that the founding fathers never intended it to get involved with. But that’s for another post…
A Quick History Lesson
The U.S. Post Service was established in 1775. So they’ve had 234 years to make it work. It is broke.
Social Security was established in 1935. They’ve had 74 years to make it work. It is broke.
Fannie Mae was established in 1938. They’ve had 71 years to make it work. It is broke.
Freddie Mac was established in 1970. They’ve had 39 years to make it work. It is broke.
The War on Poverty started in 1964. They’ve had 45 years to make it work. About $1 trillion of taxpayer money is confiscated each year and transferred to “the poor.” It hasn’t worked.
Medicare and Medicaid were established in 1965. They’ve had 44 years to make it work. They are both broke.
AMTRAK was established in 1970. They’ve had 39 years to make it work. Last year it had to be bailed out and today continues running at a loss.
$700 billion bailout of 2008. It has yet to create a single new private-sector job.
Cash for Clunkers in 2009 went broke after 80% of the cars purchased turned out to be produced by foreign companies.
Now that it’s put like that in black and white, it sure doesn’t look good does it?
Wait, doesn’t government make everything better? I thought more of it was always the panacea.
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