Wednesday, March 23, 2005

NC Editorial on Trusting the Gov'ment

The Kinston Free Press: "For most of my adult life, I have believed that, when dealing with social programs, the U.S. government has the reverse Midas touch.
Everything King Midas touched turned into gold. In the area of social programs, everything the U.S. government touches turns into piles of something no one would ever mistake for gold.
....Social Security is just one more example of what happens when government decides to do for us what we should be doing for ourselves. Because of our faith in government, we have learned to save less, spend more, and mortgage our future. In short, we citizens imitate U.S. fiscal policy in place since FDR was president.

Before you trust the federal government to handle your retirement or health care, look at the results of federal efforts to provide "public housing." Use the image of "housing projects" as a metaphor for "public pension plan."

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