Robert Samuelson Discusses Welfare America

OTR has talked before about the science of economics, and one of the strongest voices for economic studies in the United States is Robert Samuelson. Here is a sample of his assessment of the real meaning of "welfare state" that's in our future:

The U.S. welfare state is weakening; insecurity is rising. The sensible thing to do would be to decide which forms of public welfare are needed to protect the vulnerable and to begin paring others. Our inaction poses another dreary parallel with GM. It was obvious a quarter-century ago that GM the auto company could not support GM the welfare state. But the union wouldn't surrender benefits and the company acquiesced. Inertia prevailed, and the reckoning came.

Read the rest of the article here. Source: Instapundit.