Tag Archives: President Johnson

The Inexorable Rise of the Welfare State

The New York Times published an interesting analysis yesterday on entitlement spending in the United States. Since 1929, entitlements as a share of income rose from 1% to 18% in 2011. Despite some ups and downs, the overall trend line … Continue reading

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Posted in Finance and Economics, Policy, Politics, Social Security, Taxes | Tagged , , , , , | 6 Comments