Unintended consequences
Cry Wolf Quotes
Clearly, this is a job-killer in the short-run. The revenues forecast for this budget will not materialize; the costs of this budget will be greater than what is forecast. The deficit will be worse, and it is not a good omen for the American economy. The impact on job creation is going to be devastating, and the American young people in particular will suffer a fairly substantial deferment of their lives because there simply won't be jobs for the next two to three years to go around to our young graduates across the country.
President Clinton touted his new ‘family leave’ bill, sold as free time off to care for children. It turns out the employers of 50 or more covered by the bill have to pay medical care during the leave. At an average cost of $2,000 for the leave, it is not surprising that a Gallup study for the National Federation of Independent Business, found that half of the businesses said they would be reluctant to hire young women under the law, would try to replace low-skilled jobs with machines, and would trim other benefits.
I'm an old man, and I've never seen a feeding frenzy like the one we've had on corporate accountability.
…it still is true that the young people of today in this country look to the people who have succeeded in spite of every handicap such as that, as their inspiration for doing things. I think we do not want to kill off that spirit of individualism. I use the term ‘individualism’; I know it is sneered at a lot, but I know if is still a respectable term and I think we ought to cultivate it instead of sneering at it.
