Depression & Rescession Breeds Bad Government Legislation
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Why is it that every government Entitlement program is invariably proposed and passed during a Depression or deep Recession in our country and oddly enough under progressive, liberal Democratic administrations.
Social Security, Welfare, Medicare and Medicaid, government work programs, Un-employment benefits and the all too famous Income Tax where all initiated, proposed and/or passed, over the past 75 years, under the Democratic administrations of Franklin D Roosevelt, Truman, Kennedy, Johnson, Carter and now Health Care Reform under Obama.
In many cases these ideas and programs where spawned out of both government and legislators desperation to justify their worth and ability to provide immediate relief from the agony of the depressions. They quickly passed legislation with the promise the programs they enacted would insure the peoples future while preventing against another depression or economic catastrophe.
In retrospect, one can safely say that, none of their promises have been kept nor have any of the created programs worked. In fact both Social Security and Medicare/Medicaid are facing bankruptcy today. Why should any American today believe anything government is promising for our future, protection or quality of health and life. They keep giving us the same story with a different spin but with the same old results; failure and more taxes.
We can only assume the passage of these worthless types of legislation is attributable to over zealous lawmakers with a self serving agenda to expand both their roles and the role of government in controlling the American people.
Their intentions and agenda's are self evident in thier repeated actions. They repeatedly take advantage of the American peoples time of weakness and desperation by seizing the opportunity to pass massive and costly entitlement legislation which, they could never have accomplished in a strong economic environment. And every time they do so its under the fear of emergency or catastrophic loss and the guise of saving money or insuring our future in the statement "its for the of the Good of the People". Bullshit!!!
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The current high debt can only be resolved through mass restructuring to create base for post-default recovery, aggressive drive to court foreign investment, and properly timed default itself. It is highly unlikely that American power elites will be able to successfully restructure while preserving large parts of both the political and economic architecture. That is due to 2009 economic foundations being drastically different than in 1870s, 1930s, or 1950s accuplacer study guide.
United States debt, as % of GDP, has been within 15 to 30 percent range from 1917 to 1930. The last time debt got that high was Civil War militarization and the following long recession of 1870s. Before that, there was the high debt of political restructuring from colony organization into nationhood in the 1780s-1790s period acsm study guide. The long recession of 1870s and the long depression of 1930s, were both used by American elites to restructure minimal state capitalism into a more productive expansionary force. American power elites had access to cutting edge industry and used every crisis to expand it and outproduce their European neighbors. Economic reversals in 1870s served to weed out the less efficient oligarchs and consolidate wealth in the hands of those that remained. Contraction in the 1930s resulted in a managed bankruptcy and then rapid filling of idled industrial capacity through mass military exports and production act study guide.
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