The View From 1776

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.