Originally posted by StTito
sorry, the turn of the century(last) was one of the US' more progressive times where we made laws that helped the workers and put breaks on bad business practices. Thing like the 40hr work week, child labour laws, solid unions, anti monopoly laws. You know, controls and regulations(soooo evil). Until the businesses freeked out and got Calvin in there. Then we ...[text shortened]... orgot about the whole great depression thing. I guess Regan made everybody forget about it too.
I suppose there have been some good that has come out of the progressive movement, otherwise it could not have been justified. However, does it make it worth our while? Does it cause more harm than good?
For me, the crux of the progressive movement is expanding government beyond what the Constitution ever planned for it to expand. As was rightly pointed out, the spark for this was in 1913 when the states ratified the 16th Amendment to the Constitution, which authorized Congress to tax the incomes of its cititzens. Ironically, this type of tax was put in place in 1864 and once challenged the Supreme Court later declared it unconstitutional because it represented direct taxation on the citizenry which was not allowed under the constitution. But as we can see, they had a change of heart. LOL.
So once the money began to poor in, so went the spending. From the year 1910 when the debt was $2.6 billion the debt is now over $11 trillion. It seems the more money that is sent to Washington the money they spend doubles. Now it is to the point that last year the government spent $412 billiion just to cover interest payments to the holders of the national debt. To compare, our educational system, which efffects our nations future, only recieved $61 billion. In fact, the interest expense paid on the debt is the third largest expense in the federal budget. Only defense and income redistribution (The departements of health and human services, HUD, and argiculture "food stamps"
are higher. Social security spending is the largest item in the federal budget. As the debt increases, so does the interest payment. Social Security is not part of the Federal Budget general fund. The money goes into a trust fund but the left over money in it is routinely barrowed and used as if were general budget revenue. That said, the ponzi shceme then becomes part of the national debt.
So what are the implications of this progressive movement? Well the US dollar is now being replaced as the international trade standard. In fact, the economic stimulus may shift us away from an economic crisis to a debt crisis. In fact, it is projected that in the year 2011 that the gross debt will exceed the percentage of the GDP for the first time in history.
Having said all that, all we can do is come up with more costly entitlements such as universal health care and tax us more with cap and trade Nice!!!