The View From 1776

Crowding Out

      http://www.thomasbrewton.com/index.php/weblog/crowding_out/

If the megalomaniacs in Congress and the Obama administration implement their proposed expansion of the socialist welfare state, there will be little room left for private business.  That’s apparently the objective: a socialist regulatory take-over of the entire economy.

Martin Feldstein, former chairman of the Council of Economic Advisors, details ObamaCare’s Crippling Deficits: The higher taxes, debt payments and interest rates needed to pay for health reform mean lower living standards.