Also in this playlist...
This transcript is automatically generated
Debt approaching sixteen trillion dollars and access as government spending creating this culture of dependency.
Millions of Americans being exported for the benefit of the political why us joining us now is Kevin Williamson his national -- roving correspondent.
And author of this new book the dependency agenda.
And let me start with the board it is part of a series -- very quickly about.
I'm encounters been published in the series of books called brought science to these little pamphlets you can read him in.
A single sitting there may be Q and it's kind of trying to resurrect -- -- American -- -- tradition going back -- -- Well I think it's a very tradition and one teachers should it in -- That the culture of dependency we've been talking about dependency in this country free.
For decades -- since the new -- -- -- but now we have half the country is to.
On federal and half the households -- the country receive some sort of federal assistance.
Is there any in home practical.
Means is there any way in which to reverse the culture depends.
Sure thing gets reversed -- as -- -- we ran out of money and I was I -- -- we get nothing is probably that far off.
You know Social Security Medicare Medicaid alone we simply don't have the -- payment programs.
And wants borrowing costs start to go back up to their historical average.
You're looking at a trillion dollars a year just in debt service cost -- at that point you start -- some real reform in this programs I think.
And only when it hurts less than all the alternatives.
That dependence is expressed in so many ways one we were talking about.
He'd student loan programs and and I as I said that -- -- the next bubble.
This economy and I and I and -- we'll -- it.
It's in when -- -- it's -- have huge and but we we are making it possible for people to do things that make no sense in terms of economic benefit the society.
Or to the individuals.
Puerto Rico where are we headed risk.
Everything about the education -- is exactly like the housing but we keep making more more financing available something.
And the price just keeps going up in the more money put into assistant it's no longer can I afford to pay tuition can I forward.
These monthly payments that come after college so naturally going to see prices go up.
Universities know how this works -- just raised situations as more finance becomes available.
So you you see that in education you're seeing it health care where there are no real constraints on spending consumers have no.
Incentives to argue about prices to try to keep prices down someone else has always been a legacy of Medicare and now with Obama care we have we we have about steroids in.
-- -- -- Is particularly problematic you know it's the great society programs are different from via new deal programs in important ways -- -- example of that.
Because their welfare programs for the middle class and when she -- middle class who can to a program it's very very difficult to you.
To reform it and because there's a you know allegedly dedicated tax -- goes along with -- people feel like they've.
-- into -- the -- -- -- -- security.
And when in fact just know that welfare program just tax you pay.
But there's a particular psychology there that makes it very very difficult to reform these program.
The book this the dependency agenda haven't do so and we'll continue talking about this -- and find.
The dependency agenda on our web site or go to Amazon.com.
Filter by section