The election eve mood is tinged with sadness stemming from well-founded fear that America’s new government is subverting America’s old character. Barack Obama’s agenda is a menu of temptations intended to change the nation’s social norms by making Americans comfortable with the degradation of democracy. This degradation consists of piling up public debt that binds unconsenting future generations to finance current consumption.
So argues Nicholas Eberstadt, an economist and demographer at American Enterprise Institute, in “A Nation of Takers: America’s Entitlement Epidemic.” This booklet could be Mitt Romney’s closing argument.
Beginning two decades after the death of Franklin Roosevelt, who would find today’s government unrecognizable, government became a geyser of entitlements. In 2010, government at all levels transferred more than $2.2 trillion in money, goods and services to recipients — $7,200 per individual, almost $29,000 per family of four. Before 1960, only in the Depression years of 1931 and 1935 did federal transfer payments exceed other federal expenditures. During most of FDR’s 12 presidential years, income transfers were a third or less of federal spending. But between 1960 and 2010, entitlements exploded from 28 percent to 66 percent of federal spending. By 2010, more than 34 percent of households were receiving means-tested benefits. Republicans were more than merely complicit, says Eberstadt: