The Hill News

Many Americans believe that the government can solve people's financial problems created by the Great Recession.

The siren calls of President Obama and the liberal congressional Democrats promise to ease their economic pains by having the government provide a blanket safety net insurance policy for all that may go wrong.

Like any insurance policy, this safety net insurance policy comes at enormous costs. The upfront economic costs include higher taxes to fund larger government and the redistribution of income. The long-term costs include economic stagnation and the loss of individual freedom.

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