Washington Post columnist Robert J. Samuelson is one of a handful of economic writers I pay a lot of attention to. If you are a political junkie, you should read his April 28 piece The Twilight of Entitlement, which has profound implications for American politics and for the nation’s psyche. Samuelson isn’t talking merely about Social Security or Medicare when he writes about “entitlements.” Instead, he is talking about a set of “attitudes and beliefs” best expressed by President Bill Clinton when he said, “If you work hard and play by the rules, you’ll have the freedom and opportunity to pursue your own dream.” That’s no longer the case, the veteran columnist writes, noting increased financial anxiety and less optimism about the future in at least two recent surveys. The post-World War II period offered growth, opportunity and optimism for Americans, but, if Samuelson is right, we have already entered a period which is more about dividing a relatively stable pie than about sharing in a growing pie. “Popular national goals remain elusive. Poverty is stubborn. Many schools seem inadequate. The ‘safety net,’ private and public, is besieged,” he writes, arguing that Americans no longer believe that they can count on a strong economy, secure jobs, home ownership, fixed tax burdens, college education and an ever expanding government safety net. (more…)
