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The Democrats’ Dependency Agenda

Posted on February 14 2010 10:45 am
Liz Blaine is a financial analyst, author and freelance writer on finance, economics and politics. Follow her on Twitter and her blog Liz Blaine.
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By: George Will

For congressional Democrats, however, expanding dependency on government is an end in itself….

Many Democrats favor — as Barack Obama did in 2003 — a “single-payer” health insurance system, which means universal dependency on government. The “public option” insurance proposal was to be a step toward that. So was the proposed “alternative” of making 55- to 64-year-olds eligible for Medicare. Both of these dependency multipliers will be revived.

As will the Democrats’ drive for “cramdown” legislation that would empower government (courts) to shred mortgage contracts, thereby making borrowers eager to embrace dependency on judges. Soon, the two most important financial decisions most families make — to get a mortgage and a college tuition loan — will almost always be transactions with the government.


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