Thursday, September 16, 2010
The History of Entitlements
The Wall Street Journal published an article today titled, Obstacle to Deficit Cutting: A Nation on Entitlements . I would classify this as a must read. It is interesting to note that the Europeans have realized their entitlement model has failed and are starting to cut back on freebies, whereas America was late to the party and is just beginning to ramp them up. Also note how more and more of the tax burden is being pushed onto a small subset of the population.