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The High Cost of Good Intentions Featuring John Cogan

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Hoover Institution

Recorded on October 24, 2017

How old are entitlement programs in the United States? Entitlement programs are as old as the Republic, according to John Cogan, former deputy director of the US Office of Management and Budget (OMB) and a Hoover Institution senior fellow. Cogan joins Peter Robinson to discuss his latest book, The High Cost of Good Intentions,on the necessity for entitlement reform in the United States.

Currently there are a bevy of entitlement programs in the United States, each costing a large percentage of the federal budget each year. These programs are openended and hard to estimate into the budget because people with the average number of benefits vary greatly from year to year. These programs have become complex and bloated over the many years since they’ve been instated and are in dire need of reform.

According to John Cogan, entitlement programs such as pensions, Medicaid, and Social Security have been a part of US history since the Revolutionary War when Congress first created pensions for all the soldiers who had served the Republic during the war. Congress then went on to expand entitlement programs after the Civil War to include soldiers who had fought in the war. Entitlements remained restricted to only those who had served the Republic until the New Deal when entitlements were extended to all citizens above a certain age (Social Security). This was the first time that entitlements were given to citizens who had not served. This was also the first time that entitlements were granted to everyone until the end of time.

For the full transcript go to
https://www.hoover.org/research/high...

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posted by voorbijp6