The High Cost of Good Intentions: A History of U.S. Federal Entitlement Programs

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Federal entitlement programs are strewn all over the pages of U.S. history, springing from the noble purpose of assisting people who find themselves destitute through no fault of their very 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 in a position 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 within the eighteenth and nineteenth centuries as within the present day―is repeated until benefits are extended to just about all who might be thought to be 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 last 2 hundred years, tracing both their shared past and the financial risks they pose for future generations.

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