“Great Society” programs of FDR, LBJ collapsing under mountain of debt
WASHINGTON, D.C. – With Illinois making last-ditch efforts to hold off an imminent statewide bankruptcy, we may be witnessing the beginning of the end for Democratic Party socialist rule at the state and local level, as well as collapse of the FDR-LBJ “Great Society” social welfare state.
Late Thursday night, the Illinois Democrat-controlled House overrode by a 71-42 vote Republican Governor Bruce Rauner’s veto to pass a massive tax hike that includes a $5 billion income tax increase for the residents of the state.
Rauner had begged the General Assembly to sustain his vetoes of a $36 billion spending plan financed with a $5 billion income tax increase, arguing the 32 percent income tax increase amounted to “a 2-by-4 smacked across the foreheads of the people of Illinois.”
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This is the legacy of obama , he had a chance to restore this economy and turned his head , print more money or claim bankrupt , some one will pay , guess who.
ReplyDelete
ReplyDeleteThis is how the Democrats operate.
The question is: how long will they continue to delude themselves about the reality that stares them in the face?
8:54 AM if everyone wasn't so god awful stupid, they would know this as you do, that someone, the same old someone always pays the bill... Eventually you run out of taking peoples money and then what????
ReplyDeleteThis what happens when the liberal left (Democrats) try to make a socialist state out of so many states. They are doomed to fail. History has proven that Socialism, Marxism, and Communism always fail. The best form of government is the way it was in America in the fifties and sixties. Less big government and more freedom for the people. Read the constitution it says " of the people and for the people" not of the government and for the government. Just like I said history has proven the liberal left wrong over and over again. Wake up America and stand behind President Trump because he is truly trying to make America great again like we once were and always should be.
ReplyDeleteYou mean to tell me that Robinhood Economics is a failed policy after-all????
ReplyDeleteIt's funny, when the policy was enacted, it made sense: half of the population hardly had food on the table, so it was an easy sell. But once a government project or agency is created, it's like a star- it just keeps sucking in more resources to keep it glowing.
Welfare and Social Security in it's original format would still work today, but they made it available to way too many people.
ReplyDeleteIt's Bush's fault. :-)
Silly people: it isn't just the Democrats.
ReplyDeleteIt's the US Government and the Global New World Order.
The Federal Reserve Bank