In their never-ending efforts to buy votes with other people’s money (see the first cartoon in this post), politicians have been expanding the welfare state and creating more dependency.
It also has very worrisome long-run effects on the stability and viability of a culture, as shown by these two cartoons.
A stark example can be seen in the food stamp program, which has morphed from a handout for the genuinely poor to a widespread entitlement for everyone from college students to the Octo-mom, and for products ranging from luxury coffee to lobster.
Here are some of the unpleasant details about the fiscal costs from Veronique de Rugy’s column in the Washington Examiner.
Get the Market Movements in Advance: William's Edge Webinar for Monday, March 10th, 2014 | John Ransom