The EIC doesn't exist because of some Randian ethos at the heart of American politics, and I believe most Democrats and some Republicans are in favor of reform, but you actually have to pass a
law to get reform, and unfortunately that has resulted for the last 20+ years in a complete breakdown of our system.
I see our social safety net abused on a daily basis on my role, and I also am keenly aware that both parties use it as a campaigning tool, because single moms in the city working two jobs either receive too much, or too little government support, depending on who is campaigning for what.
We really need to start making goal-focused policy decisions in the US, especially when it comes to social support and education. When I read about the justification for the strong social safety net in many parts of Europe, it doesn't sound like a socialist hellscape to me, it sounds like common sense.