Walter E. Williams
There is every indication to suggest that Obama's presidency will be seen as a failure similar to that of Jimmy Carter's. That's bad news for the nation but especially bad news for black Americans.
One of the oldest notions in the history of mankind is that some people are to give orders and others are to obey. The powerful elite believe that they have wisdom superior to the masses and that they've been ordained to forcibly impose that wisdom on the rest of us.
Congress tells us that one-half of the Social Security tax is paid by employees and that the other half is paid by employers. The truth of the matter is that the burden of both taxes is borne by employees.
Congress and the president are taking over an area of our lives infinitely more challenging and complex than the management of traffic signals and supermarkets, namely our health care system. Oblivious to the huge information problem in the allocation of resources, the people in Washington have great confidence that they can run our health care system better than we, our physicians and hospitals.
Last week's column, "Is There a Way Out?", generated quite a few responses, some a bit angry. Some people were offended by my reference to Social Security and Medicare as entitlements or handouts. They said that they worked for 45 years and paid into Social Security and Medicare and how dare I refer to the money they now receive as an entitlement. These people have been duped by Congress and shouldn't be held totally accountable for such a belief. Let's examine the plethora of congressional Social Security lies. I'll leave the Medicare lies for another column.
If we are to be able to avoid ultimate collapse, it's going to take a moral reawakening and renewed constitutional respect.
I'm wondering how the hate-America/blame-America-first crowd might explain the fact that so many people in the world, if they had a chance, would permanently relocate here.
Political trade-offs in labor markets condemn many blacks, particularly black youths, to high rates of unemployment and reduced economic opportunities. Let's look at this, starting with a few historical facts.
Though many black politicians mouth that we should fix, not abandon, public schools, they themselves have abandoned public schools. They see their children as too precious to be sacrificed in the name of public education.