As Mostly-Right reported in a previous post, the anniversary of Obamacare is upon us. With that date quickly approaching, Mostly-Right thought it a good idea to take a look at some of our government’s previous programs as a predictor of success for this one.
The United States Postal Service was started in 1775. This ‘business’ is and largely remains a monopoly. With 235 years under its belt the government should probably have this program running like a finely tuned engine right? Well not exactly, the postal service is not self sufficient and relies heavily on subsidies from Congress. That’s right folks. The USPS is broke.
Social Security hit the scene in 1935. FDR’s gift to all Americans. It has been around just about 75 years. That provides a lot of time to get such a system completely correct right? Well, again, not quite. Social Security is now predicted to be solvent through 2039 and the “trust fund” has a pile of IOUs in it courtesy of Congress. Right again folks. Social Security is bankrupt.
Enter the “War on Poverty” initiated in 1964. Only about 45 years to get that one right so a little slack is due. The little slack is your tax dollars being spent to the tune of hundreds of billions every year and the poor are still among us. Guess that one needs a little more time.
Medicare and Medicaid have been around since 1965. Both relatively young programs as well. Both are broke. The Great Society is working on that one still. Any confidence that government can fix those programs?
Fast forward to 1977 and the Department of Energy is created under one Jimmy Carter. Nobel idea there indeed. America was starving at the gas pumps. Thirty couple years later that department employees around 16,000 Americans and has a budget of roughly $25 billion a year. Last time I checked we are using more foreign oil than ever.
With all of the glowing “successes” above it is no wonder President Obama has complete confidence in our government’s ability to provide healthcare.