THE REAL REASON THE AMERICAN DREAM IS UNRAVELING « The Burning Platform

We are becoming serfs of the State. If you think the impending total proletaritization of America is just happenstance, think again. This is how America dies, with its once free people sucking like squealing piglets on the teats of government.

Jim Quinn’s “Burning Platform” has been a favorite of mine for many years, this missive is dead on. 

Marketwatch posted an article this week titled Why the American Dream is Unraveling, in 4 charts. As usual, the MSM journalist and the liberal Harvard academic can create charts that reveal a huge problem, but they completely misdiagnose the causes and offer the typical wrong solution of taking more money from producers and handing it to the poor, with no strings attached. This has been the standard operating procedure since LBJ began his War on Poverty 50 years ago. Do these control freaks ever step back and assess how that war is going?

The poverty rate had plunged from 34% in 1950 to below 20% before LBJ ever declared war. It continued down to 15% just as the welfare programs began to be implemented. The percentage of people living in poverty hasn’t budged from the 15% range since the war began. This war has been just as successful as the war on drugs and the war on terrorism. Any time a politician declares war on something, expect a huge price tag and more of the “problem” they are declaring war upon.

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via THE REAL REASON THE AMERICAN DREAM IS UNRAVELING « The Burning Platform.

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