Thanks to HotAir.com member badtemper for this list:
“Reality check:
- Social Security was established in 1935 – it is broke.
- Fannie Mae was established in 1938 – it is broke.
- The “War on Poverty” started in 1964 – $1 trillion of our money is confiscated each year and transferred to “the poor”; it hasn’t worked and is broke.
- Medicare and Medicaid were established in 1965 – they are broke.
- Freddie Mac was established in 1970 – it is broke.
- TARP shows no signs of impact.
- Omnibus Appropriations Act of 2009 shows no signs of impact, unless you’re thinking about a career in the IRS.
So class, what’s the common denominator here?”
I add to the list:
- USPS – broke
- Amtrak – broke
Government = FAIL!
