It's an interesting theory. One that you should read. I'll post a couple of excerpts, but you really need to go read the whole thing.
http://pajamasmedia.com/zombie/2010/...inglepage=true
--snip--We are in the middle of an epochal struggle over the direction of American economic policy.
The Democrats, who are currently in charge, want to follow a Keynesian model, which entails massive government spending — with its attendant tax increases and soaring deficit — to jump-start the economy.
The Republicans think the solution to our economic doldrums is to lower taxes and decrease spending, to stimulate business activity and help the nation climb out of its crippling debt.
And then there’s Barack Obama….
You might think he would be the natural spokesman for the Democratic strategy. And when the cameras are turned on, he is. But under the surface he’s also an advocate for a third economic policy, one that isn’t spoken of in polite company: The Cloward-Piven Strategy.
--snip--The Cloward-Piven Strategy, for those of you unfamiliar with it, was named after its formulators, two Columbia University sociologists named Richard Cloward and Frances Fox Piven. In an influential 1966 essay published in The Nation magazine, they outlined a strategy through which every American would receive a nationwide “guaranteed annual income.”
To bring this about, they essentially recommended that as many people as possible should be enrolled in government welfare programs so as to intentionally bankrupt the system; our elected officials would then feel politically compelled to create an overarching permanent drastic solution to the welfare problem, restructuring our free-market economy along socialistic lines — what the authors described as “the outright redistribution of income".
That’s because there is a bit of Cloward-Piven inherent in Keynesian theory itself. When Nancy Pelosi in all seriousness announces (as she did) that indefinitely extended unemployment benefits are a great way to stimulate the economy, then we’ve seemingly crossed the frontier into Cloud-Cuckoo-Land. Or have we? The original goal of Cloward-Piven, after all, was to bring about a “guaranteed annual income” for all Americans, and wouldn’t the arrival of permanent unemployment benefits for everyone essentially bring us to the same station, albeit by a different track
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