Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

Big Government’s Failure

April 29, 2015 By Debbie Young

“When what you’re doing doesn’t work for 50 years, it’s time to try something new,” said President Obama recently. At the time, Mr. Obama was speaking about our policy with Cuba, but perhaps he should be applying it to Baltimore—the poster child for big government liberalism.

As the Cato Institute’s Michael Tanner writes in NRO, “Big government has failed Baltimore. If we learn nothing from what just happened — if we simply go back to throwing money at the same tired old programs — it will be just a matter of time until this happens all over again.”

Mr. Tanner cites examples on the failures put in place by decades of big-government liberalism, both in the city of Baltimore and in the state of Maryland.

Maryland has one of the most generous welfare systems in the country. A mother of two participating in the state’s seven welfare programs can receive $35,000. Yet nearly one-quarter of Baltimore’s residents live in poverty, up from 10% in 1960.

Two-thirds of the births in Baltimore are to unmarried mothers and nearly 60% of households are headed by single parents.

Baltimore’s unemployment rate was 8.4% in February. The national average is 5.5%. According to the U.S. Chamber of Commerce, only seven states and the District of Columbia have a worse business climate than does Maryland. The city’s small businesses face the seventh-largest marginal tax rate in the nation.

Baltimore property tax rate is more than twice the rate of most of the rest of the state. Nationally, it has the ninth worst tax burden out of 50 major American cities.

More than a quarter of Baltimore students fail to graduate from high school. Yet Baltimore ranks #4 among major cities in per-pupil expenditures, spending about 52% above the national average.

Baltimore has some of the toughest gun laws in the nation, yet is the fifth most deadly city in America.

Read more from Michael Tanner here.

Related video:

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Doubling Down on Government’s Biggest Failure
  • “F” Is for Failure
  • The Failure of Progressivism
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • Breaking News: Reform at New College, Sarasota, Florida - February 2, 2023
  • Oh Yes! It Can Get Worse - February 1, 2023
  • “I Will Veto Everything They Send Me” - January 31, 2023

Dick Young’s Must Reads

  • Tom Brady Is Proof You Shouldn’t Retire if You Still Love Your Work
  • Gold’s 50-Year Price Explosion
  • Florida: Enjoy Certain Freedoms and Individual Liberties
  • Your Survival Guy Prefers Bombardier’s Global Express 7500
  • WAR HAS BEGUN: What Advice Are You Giving Your Loved Ones?
  • Warning! Your Survival Guy’s on a Boil Water Advisory
  • My Key West Garden Office
  • The Simple, Elegant Power of the Retirement Compounders
  • Your Cash Swept into Your Broker’s Bank Account!
  • Richard Feynman Solved the Space Shuttle Disaster Mystery

Disclosure

RSS Youngresearch.com

  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • Do You Trust This Rally?
  • Reagan’s America Remembered by Your Survival Guy and More
  • What Happens if the “Fed Put” Is Over for Good?
  • Tom Brady Retires, Again. Should You?
  • What Kind of Life Are You Investing For?
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Are the Realists Winning the Debate over the Future of EVs?
  • CATO: Global Freedom Is in Sharp Decline
  • Biden Administration Destroying Retiree Fiduciary Protections

RSS Yoursurvivalguy.com

  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • Treasury Bonds Ready to Rock and Roll
  • Survive and Thrive February 2023: 4 Life Changing Words: “You Should Try This”
  • Tom Brady Retires, Again. Should You?
  • Reagan’s America Remembered by Your Survival Guy and More
  • America’s Unprecedented Debt Problem
  • Iran’s Ballistic Missiles Could Give Russia the Edge in Ukraine
  • What Kind of Life Are You Investing For?
  • Why Don’t These Mayors Seem to Care?
  • Tactical Laser Weapon Achieves “First Light”

Breaking News: Reform at New College, Sarasota, Florida

German Opposition Leader Denounces the Country’s “Insane Drunkenness about War”

Early Advice from Her Dad on Tipping at Charlie Trotter’s

What Is Trump’s Argument for Election in 2024?

Powell Slows Fed Funds Rate Increases

Canadian Grain Harvest Drives Railroad Income Gains

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives