The fading American dream – George Will
America’s dynamism, and hence upward social mobility, will slow, as the economy becomes what the party of government wants it to be — increasingly dependent on government-created demand.
George Will via Washington Post:
A battle won, but a victory?
“And everybody praised the Duke,
Who this great fight did win.”
“But what good came of it at last?”
Quoth little Peterkin.
“Why that I cannot tell,” said he,
“But ’twas a famous victory”
— Robert Southey,
“The Battle of Blenheim”
Barack Obama hopes his famous health-care victory will mark him as a transformative president. History, however, may judge it to have been his missed opportunity to be one.
Health care will not be seriously revisited for at least a generation, so the system’s costliest defect — untaxed employer-provided insurance, which entangles a high-inflation commodity, health care, with the wage system — remains. Obama could not challenge this without adopting measures — e.g., tax credits for individuals, enabling them to shop for their own insurance — that empower individuals and therefore conflict with his party’s agenda of spreading dependency.
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