It never works... Governmental Interventionism. Yet, people keep up the hope that maybe this time, it will work. Government programs rarely, if ever, produce the results hoped for or promised. And this one will not be any different.
Lets examine some other big government programs that were meant to produce great results, but have not.
FDS is as good of a place to start. He many big budget, big government programs that were designed to "reboot" the economy. He created the WPA who built roads, bridges, and highways. Many of them are used today. But these programs did not create permanent jobs, stimulate business, or make a dent in the Great Depression. I do agree that it was better then straight handouts from the government, but they still did very little, if anything for the economy. It required business owners and industrialists to pay higher taxes that did not help their own business's grow. The end of the Great Depression can be directly attributed to the beginning of War War II and the massive increase in the armaments industry. Ye, many people ignore this and try and give FDR credit for getting us out of the Great Depression.
Social Security is another failed program. It is the single highest tax on low income people. The purpose of Social Security was to provide a safety net to people whose retirement savings failed to materialize as planned or disappeared due to a stock market collapse. But instead it removed the incentive for millions of people to save for there own retirement. Instead we now have a system that is going bankrupt because of the increasing number of people drawing benefits, and because of the Governments inept handling of this money. And the people on Social Security live in absolute poverty, as the payments can barely pay for even the most basic necessities.
We come to Welfare... a plan with a great idea, and a "feel good" mentality. The program was intended to help single mothers, whose husband left them, or who got pregnant in other unfortunate circumstances to be able to raise their own children. Instead we have created a new "welfare" class of people. Women figured out that they were better off not getting married, and having even more kids, as payments increased for each child. We now have a complete collapse of the family unit. We have a generation of children growing up in homes without a father, and this program is a huge portion of our federal budget.
Now we have allowed our government to spend $850 billion that we do not have. We will pay for most of this likely with an increase of taxes on the job creation class, printing new money, and an expansion of our national debt. The amount of interest is paying is astronomical and one day there will be a point where the government will either have to inflate the value of money be just printing trillions of dollars, or by going bankrupt. We have set ourselves on a path to our own destruction. I just pray that we, as a people, will wake up before it is too late.