May 092011
Robert Higgs summarizes the results of the Great Society programs begun in the mid 1960s:
Almost everyone now acknowledges that federal entitlement programs, crowned by the enormously costly healthcare systems the Great Society spawned, have promised much greater benefits than the government can fund, and hence that many of these benefits will have to be cut, notwithstanding the political fury such cuts surely will elicit. This impending sociopolitical tumult represents one of the Great Society’s bitterest fruits.
