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Response to Historic NY (Reply #12)

Mon Jan 2, 2012, 07:54 PM

27. In fact, the boom and bust cycles were far worse in the 1800s

The net effect of the "liberal" interpretation of the Welfare Clause has been to create structures that kept this latest recession from becoming a depression. When 10% of our workforce lost their jobs, most didn't lose their homes and ability to feed their families. They got unemployment insurance and were able to keep their dignity and way of life and could stay connected to the wider economic community. We didn't end up with a generation of hobos like we did in the 30s, nor did a giant Coxey's Army march through the streets. The welfare state held families together when times got tough. It means that a loss of employment doesn't automatically lead to economic destitution. If you care about people, you should care about that.

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