"However beautiful the strategy, you should occasionally look at the results."
- Winston Churchill
Now I'm no economics expert - but I did stay at a Holiday Inn Express last night. Seriously though, if there ever was an indictment of the entitlement/welfare state, the disturbing diagram below has gotta be it's visual aide. I don't see how any of the schools of economic thought (Keynesian, monetarist, supply-side, etc) could say the situation outlined below is a good idea!
Amounts converted to US dollars. Image courtesy of the New York Times. The corresponding article is here.