The Impossible Promises of our Politicians
Now that the majority of voters are the beneficiaries of State largesse, has it become politically impossible to unwind middle class welfare?
The Intergenerational Report has highlighted problems that astute writers like Tom Woods have known for a long time. The social democratic welfare state is financially unsustainable.
"All over the world, the impossible promises governments have made to their populations are beginning to unravel. Millions or people have arranged their lives in the expectation of various forms of government support that will be mathematically impossible to provide." Thomas E. Woods Jr., Back on the Road to Serfdom
Fixing this is not easy. All attempts to reduce government spending are met with vigorous political campaigns from those personally affected. Has it become a politically impossible task?
For more, read my book The Fragility of Freedom: Why Subsidiarity Matters