Thursday, October 17, 2013

Tax and Spend

Not only did the government stop reporting the real debt in May, but long term interest rates began rising from about 1.7 percent to currently 2.6 percent.

Here's why we need to cut government spending.
"Only true, substantial reductions in government spending will free necessary capital for entrepreneurs to use in productive investment. This investment, in turn, will allow for sustainable economic progress. "
That's the goal of the people.

In another economic fallacy, propagandists claim the pseudo-shutdown took $24 billion out of the economy. Baloney. Show me where the $24 billion of production was stopped. The reality is that government produces nothing. Everything government has, it first steals from the private sector. The government destroys wealth, it can not produce it, so shutting it down cannot harm the economy. Because the government will pay back pay to the furloughed workers, the private sector will show no net gain from the pseudo-shutdown.

Entitlements are unsustainable. Americans seem unable to understand what that means.
"There is no way an economy that grows by 75% every 25 years can fund entitlement programs expanding by 500% or more over the same time period."
"As the charts in Have We Reached Peak Government? show, government spending has soared to levels that no longer reflect the growth of the real economy.Government spending has risen by 300% or more since 1990, while the economy has grown by 75% in that time."
How hard is this to understand. Includes charts that are crystal clear.

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