|TANSTAAFL – “There ain’t no such thing as a free lunch.” — Robert Heinlein
|That’s right, just under one fifth of all personal income (and remember, that’s 2.3 trillion dollars per year) now flows from the hands of government into the pockets of your fellow citizens, while only one half is actually earned by way of traditional work.|
by C. Jeffery Small, who always gets it right, and we wish he would write more!
This is revised 24 Jan 2015
So, if you are on the receiving end of this 21st century, automated bread line, then it certainly appears that Heinlein was seriously mistaken and the free lunch is actually an all-you-can-eat smorgasbord ? so take your fill! And exactly how does this money get administered? Why, through various federal domestic assistance programs of course. And as I reported in my previous piece, at the end of 2010, there were 2,094 of them, each making sure that all deserving recipients were being handsomely serviced.
Now, since we are in the depths of a severe multi-year recession, with a sluggish economy, an underemployment rate hovering around 20%, rising inflation somewhere between 7-9%, a federal government running an annual $1.65 trillion budget deficit, many state governments nearing bankruptcy, and a robust discussion throughout the country about the need for significant spending reductions, you might reasonably expect that government programs would at least be frozen, awaiting development of a plan designed to address these concerns. No such luck. Returning to the the Catalog of Federal Domestic Assistance website now reveals that there are currently 2,133 programs in existence, for an increase of thirty-nine new programs just since the start of this year, including such additions as: