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How much did Johnson's Great Society cost?

Anonymous

∙ 15y ago

Updated: 9/17/2023

The Higher Education Act

The war on poverty.

Formation of medicare

Another TakeIt is not possible to calculate the true cost of LBJ's Great Society programs. Considering just one such program, MediCare, the unfunded mandate measures in the tens of trillions of dollars. MedicAid, another Johnson brainchild, is just as bad off. Social Security, Johnson's model, has been bankrupt almost since its founding in 1935; only "creative" accounting by Congress has maintained its flimsy reputation as some sort of 'trust fund,' funded of course with worthless federal paper.

Generations to come will reckon the cost of the Great Society programs.

Coby Schumm ∙

Lvl 13

∙ 2y ago

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