Wednesday, June 2, 2010

In a Welfare State, How Much Is ‘Enough’? - Jonah Goldberg - National Review Online

In a Welfare State, How Much Is ‘Enough’? - Jonah Goldberg - National Review Online

The flames from Greece’s debt-crisis protests have cast new light on the perils of our own overspending and overborrowing. You know the litany. California is imploding. Public-sector unions there, and across the country, are swallowing budgets. In California alone, pension costs have gone up 2,000 percent in a decade. At the national level, Obamacare has done little to fix — and much to hurt — America’s long-term entitlement mess. Already, America’s structural deficit has tripled since 2007. Economist Price Fishback has just published a paper finding that America spends more on social welfare than socialist Sweden (though we spend it differently).

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