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The High Cost of Good Intentions - A History of U.S. Federal Entitlement Programs (Hardcover)
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The High Cost of Good Intentions - A History of U.S. Federal Entitlement Programs (Hardcover)
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Federal entitlement programs are strewn throughout the pages of
U.S. history, springing from the noble purpose of assisting people
who are destitute through no fault of their own. Yet as federal
entitlement programs have grown, so too have their inefficiency and
their cost. Neither tax revenues nor revenues generated by the
national economy have been able to keep pace with their rising
growth, bringing the national debt to a record peacetime level. The
High Cost of Good Intentions is the first comprehensive history of
these federal entitlement programs. Combining economics, history,
political science, and law, John F. Cogan reveals how the creation
of entitlements brings forth a steady march of liberalizing forces
that cause entitlement programs to expand. This process-as visible
in the eighteenth and nineteenth centuries as in the present day-is
repeated until benefits are extended to nearly all who could be
considered eligible, and in turn establishes a new base for future
expansions. His work provides a unifying explanation for the
evolutionary path that nearly all federal entitlement programs have
followed over the past two hundred years, tracing both their shared
past and the financial risks they pose for future generations.
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