Thursday, September 17, 2009

Spectacular Failures

David Z at the no third solution blog had this to say about U.S. government failures:
For the record:
  1. Social Security was established in 1935 – they’ve had 74 years to get it right; it is broke.
  2. Fannie Mae was established in 1938 – they’ve had 71 years to get it right; it is broke. Freddie Mac was established in 1970 – they’ve had 39 years to get it right; it is broke. Together Fannie and Freddie have now led the entire world into the worst economic collapse in 80 years.
  3. The War on Poverty was started in 1964 – they’ve had 45 years to get it right; $1 trillion of our hard earned money is confiscated each year and transferred to “the poor”; it hasn’t worked.
  4. Medicare and Medicaid were established in 1965 – they’ve had 44 years to get it right; they are both broke; and now our government dares to mention them as models for all US health care.
  5. AMTRAK was established in 1970 – they’ve had 39 years to get it right; last year they bailed it out as it continues to run at a loss!
  6. This year, a trillion dollars was committed in the massive political payoff called the Stimulus Bill of 2009; it shows NO sign of working; it’s been used to increase the size of governments across America, and raise government salaries while the rest of us suffer from economic hardships. It has yet to create a single new private sector job. Our national debt projections (approaching $10 trillion) have increased 400% in the last six months.
  7. “Cash for Clunkers” was established in 2009 and went broke in 2009 – after 80% of the cars purchased turned out to be produced by foreign companies, and dealers nationwide are buried under bureaucratic paperwork demanded by a government that is not yet paying them what was promised.
So with a perfect 100% failure rate and a record that proves that each and every “service” shoved down our throats by an over-reaching government turns into disaster, how could any informed American trust our government to run or even set policies for America’s health care system – - 17% of our economy?

Maybe each of us has a personal responsibility to let others in on this brilliant record…
And thus I've posted it here.

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