Opinion | Will Biden s Spending Plan Create a Welfare State We Can t Afford? – The New York Times
If there is a common theme, it is that when you need a helping hand, the government will be there for you. It aims to assist people who are struggling in our rough-and-tumble market economy. On its face, that instinct doesn t sound bad. Many Western European nations have more generous social safety nets than the United States. The Biden plan takes a big step in that direction.
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Can the United States afford to embrace a larger welfare state? From a narrow budgetary standpoint, the answer is yes. But the policy also raises larger questions about American values and aspirations, and about what kind of nation we want to be.
via www.nytimes.com
Greg Mankiw. Steel hand in the padded, velvet glove.