Sunday, September 22, 2013

The 18 Largest Failures Of The Washington Political Class, Part 1

We have been pretty hard on Obama Care over the past week or so. It has failed in so many ways, financially, operationally, logically, etc. It deserves the mantle of worst piece of legislation ever enacted by the Federal government. To prove our point, let us refer you to the initial posts in two series of posts we did to cover the many, many failures of Obama Care, one series in August and one series in September:

http://loathemygovernment.blogspot.com/2013/09/september-2013-obama-care-update-part-1.html

http://loathemygovernment.blogspot.com/2013/08/part-1-august-2013-obama-care-update.html


But a recent article in the Independent Journal Review reminded us that while Obama Care is the worst piece of legislation ever, the Federal government also has a quite impressive (in a negative way) history of 13 failed other major pieces of legislation. All of these failures cost American taxpayers trillions of dollars without ever coming close to resolving the problems that led to the enacting of new laws. In many cases, the enacting of legislation to remedy a problem actually made the problem worse. 

The first 14 failed pieces of legislation are from the original Independent Journal Review’s analysis and research. We have added a few of our own to this ignoble list that they did not cover or got to depressed to go on after doing the first 14.

1) Prohibition: For 14 years, the United States was officially “dry.” Problem was, it wasn’t. The black market flourished, as did crime, the Mafia and rampant violence. Enacted in 1919, it was finally repealed in 1933. But not before many people needlessly died, much taxpayer wealth was wasted, a permanent organized crime underworld was established, and many government entities and police departments were corrupted by bootlegger wealth. And we ended up right back where we started in 1919.

2) No Child Left Behind: Under President George W. Bush’s education program, Federal spending for schools more than doubled …and student test scores didn’t budge. We still lag behind much of the industrialized world. In most standardized international student tests, we usually rank some where between 20th and 30th in education effectiveness despite spending far more per student than any other country in the world.

It didn’t used to be that way though, before the Feds poured all the money, regulations, and rules into local schools, we were at the top of the list as far as educating our kids. For this miserable performance, we still pay out tens of billions of dollars every year to a useless Federal Department of Education.

3) Medicare: When Medicare began in 1965, it was estimated that it  would cost $9 billion per year by 1990. However, by 1990 the annual cost was $67 billion. Missed that forecast by just a bit, say being off by more than a factor of seven!

In 2013 the annual cost of Medicare is $390 billion. And are we that much healthier than we were 50 years ago despite paying more than 40 times what we paid as a nation in 1965? On an inflation adjusted basis, the GDP of the country in 2012 was less than four times the size of the GDP in 1965. 40 fold rise in Medicare costs vs. a less than four fold rise in the size of the economy. Something has gone terribly wrong.

Needless to say, this program is quickly approaching financial insolvency with no remedial plans in sight from the dysfunctional Washington political class.

4) Medicaid: Same deal and disgrace as Medicare. It was estimated to cost $100 million, now it costs $211 billion or more than two thousands times as much. Needless to say, this program is quickly approaching financial insolvency with no remedial plans in sight from the dysfunctional Washington political class.

5) Immigration reform: The number of illegal aliens entering this country has more than tripled since Reagan was President. Whether we should increase or decrease the flow of immigration, it’s clear the Federal government has no idea what its doing when it comes to securing our borders. Israel has secured its borders, making frequent terrorists attacks within their borders a thing of the past. It can be done, it just cannot be done by the Washington political class.

6) The War on Drugs: Since Nixon, we have spent over $1 trillion and incarcerated millions of Americans over relatively minor drug charges. This is one of the most spectacular failures of our government. 

And just like the establishment of a permanent domestic organized crime underworld during Prohibition, our failed war on drugs has created massive, violent, well financed, and efficient drug cartels in Mexico and beyond, cartels that threaten legitimate governments and corrupt police, judges, and government officials worldwide.

7) Farm subsidies: Paying farmers not to grow crops? And many times we are not even paying real farmers. The August 16, 2013 issue of The Week magazine pointed out that in the past, millionaires like Bruce Springsteen, Jon Bon Jovi, Ted Turner, Jimmy Carter, a number of Rockefellers, and other millionaire non-farmers were able to collect taxpayer wealth because of how farm subsidies work in this country. Insanity.

8) Ethanol: Over the last 30 years, the Federal government has given out almost $45 billion in taxpayer wealth to support the ethanol industry. The original purpose was to save the environment by having cars and trucks use ethanol in their vehicle gas tanks as a surrogate for oil. Problem? It’s inefficient, more polluting in several other ways,  and raises the price of corn and makes food more inaccessible for the world’s hungry. Genius.

9) “Green Jobs:” When he was elected, President Obama launched an all-out campaign to kick start the Green Economy. I think at last count the administration had handed out nearly $40 billion to dozens of “green companies,” many of which were owned by people who had made substantial financial donations to Obama’s election campaigns.

End result of this cronyism? $40 billion or so given out with virtually no societal benefit in return and a sorry trail of bankrupt or near bankrupt companies such as Solyndra, Spectra, Evergreen, A123, and probably dozens of others.

This is the first half of the 18 worst failures of the Washington political class. Pretty depressing, wouldn't you say? The bad news is that we will cover the other half of the 18 biggest failures tomorrow. The good news is that we provide a potential solution to finally turn failure into success in time for our kids and our grandkids.

Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at:

www.loathemygovernment.com

It is also available online at Amazon and Barnes and Noble. Please pass our message of freedom onward. Let your friends and family know about our websites and blogs, ask your library to carry the book, and respect freedom for both yourselves and others everyday.

Please visit the following sites for freedom:

Term Limits Now:http://www.howmuchworsecoulditget.com
http://www.reason.com
http://www.cato.org
http://www.robertringer.com/http://www.youtube.com/watch?v=08j0sYUOb5w





No comments: