Bidenomics beats Reaganomics and I should know – I saw Clintonomics fail

Aquarter-century ago, I and other members of Bill Clinton’s cabinet urged him to reject the Republican proposal to end welfare. It was too punitive, we said, subjecting poor Americans to deep and abiding poverty. But Clinton’s political advisers warned that unless he went along, he would jeopardize his re-election.

That was the end of welfare as we knew it. As Clinton boasted in his State of the Union address to Congress that year: “The era of big government is over.”

Until Thursday, that is. Joe Biden signed into law the biggest expansion of government assistance since the 1960s – a guaranteed income for most families with children, raising the maximum benefit by up to 80% per child.

As Biden put it in his address to the nation, as if answering Clinton: “The government isn’t some foreign force in a distant capital. No, it’s us, all of us, we the people.”