As a previous post noted, Arthur Brooks of the American Enterprise Institute asserts that in many ways the U.S. already is a social democracy — in other words, we’re already far down the Road to Serfdom. Gulp!
(BTW, he’ll be speaking in Charlotte next week: Wednesday, July 18)
To say we’re like Spain or Greece may seem pessimistic. But, a top econ writer for AEI provides charts to show how far we’ve already gone toward that. Here are just some of the hair-raising facts he notes:
– In the 1960s, there were 18 workers per Medicaid recipient. Today that number is 2.5.
– The number of Americans on disability has risen 19% faster than jobs created during this recovery.
– There are just 1.2 private sector workers per 1 person on welfare or working for government.
– There are now just 1.65 employed persons in private sector per 1 person on welfare assistance.
How bad is it? Well, yet another AEI writer says we’re close to a War of the Makers vs. the Takers: “A country where more Americans go on Social Security disability than get jobs— as happened last month–can’t stand.”
These are dramatic statements. The nation’s Makers shouldn’t lose heart. But they shouldn’t underestimate what’s at stake this year.