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The 912 Project-Nebraska Message Board › Happy Dependence Day

Happy Dependence Day

Richard E.
Plattsmouth, NE
Post #: 1,396
Yes, not independence day. We are now more dependent on all governments now than ever before. Government pays all illegal immigrants' bills. It provides years of employment insurance payments, energy assistance, food stamps, housing and healthcare. Need job training or educational assistance? There it is! Free stuff or at low cost. Where does all that money come from?

Deep pockets from China, England, Canada and Japan keep the money machine humming! When I was young I asked my mother for money. She said it didn't grow on trees. I does now to the tune of 100 trillion+ unfunded mandate dollars! Like any consumer debt, someday the bill comes due. The question is who and when. We can breathe easy now, those of us "baby boomers". We didn't run up the tab and "run from the restaurant." We watched our dollars and remembered what our parent and grandparents said about the "depression." We didn't teach our kids well it seems. Add to this the ethos of not saving coupled with non-extant savings interest rates and you have the recipe for a financial blow-out of epic global proportions. If we aren't dependent enough now, watch the fireworks when the whole system collapses.

In light of this I won't feel like celebrating much tomorrow. What will my kids and grandkids celebrate when the collapse comes from us?
Richard E.
Plattsmouth, NE
Post #: 1,397
Independence in 1776; Dependence in 2014
Chris Edwards

Since the 1960s, the Catalog of Federal Domestic Assistance (CFDA) has provided a list of all federal subsidy programs. That includes subsidies to individuals, businesses, nonprofit groups, and state and local governments. The CFDA includes subsidies for farmers, retirees, school lunches, rural utilities, the energy industry, rental housing, public broadcasting, job training, foreign aid, urban transit, and much more.

The chart below shows that the number of federal subsidy programs has almost doubled since 1990, reaching 2,282 today. The genesis of the CFDA was the explosion of hand-out programs under President Lyndon Johnson. Members of Congress needed a handy guide to inform their constituents about all the new freebies.

The growth in subsidies may be good for the politicians, but it is terribly corrosive for American society. Each subsidy program costs money and creates economic distortions. Each program generates a bureaucracy, spawns lobby groups, and encourages more people to demand further benefits from the government.

Individuals, businesses, and nonprofit groups that become hooked on subsidies essentially become tools of the state. They have less incentive to innovate, and they shy away from criticizing the hand that feeds them. Government subsidies are like an addictive drug, undermining American traditions of individual reliance, voluntary charity, and entrepreneurialism.

The rise in the size and scope of federal subsidies means that Americans are steadily losing their independence. That is something sobering to think about on July 4.

Which subsidies should we cut? We should start with these:


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