Recently the Supreme Court put an end to Joe Biden’s efforts to give erstwhile college students almost a trillion dollars in “debt relief,” although the Biden administration is trying again. That’s a lot of money… But that’s actually a tiny fraction of the money the government has wasted on redistribution, aka social programs, over the last six decades.
Next year, the United States will commemorate the 60th anniversary of the War on Poverty , which President Lyndon B. Johnson initiated in 1964. The War’s programs initially started on a modest scale but have expanded almost parabolically since . By the War’s 50th anniversary, the government had spent more than $22 trillion on various welfare and redistribution programs.
A decade later, it spends $1 trillion a year on said programs, not including various “targeted” expenditures under Social Security or Medicare, which make the true total simply unknowable . To put that in […]
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