American Government = The BEHEMOTH!

The American Government has borrowed and spent us into oblivion.

Bush and Obama are twins when it comes to spending and now Obama is just digging us into a deeper hole.

People have to realize that we can't go back to being producers in a global economy with cheap labor. Clinton let that cat out of the bag with NAFTA and Free Trade.

I think Clinton also had the right idea when he reduced government debt. This is what has to occur in a global economy with cheap labor. You will go from producers to consumers.

This means the people can borrow and consume as far as the eye can see. This is because other countries will hold our debt as long as we consume their goods. This is a win-win situation for the consumer and the producer.

Then came Bush.

He borrowed more in 4 years than 42 Presidents before him combined.
He gave us bailouts.
He increased the debt.
Discretionary spending went up under Bush 5.3% under Reagan it was 1.8%
He did nothing to control spending. He gave out 12 vetoes vs. Reagan 78 and even Clinton 37.

You can't borrow and spend like crazy when you cut taxes. You have to cut taxes and reduce the scope and size of Government.

Then came Obama

More bailouts and Stimulus.
Borrowing and spending like crazy.

Obama said the other day that we can't sustain the debt yet he keeps spending like crazy.

As America began to 'invent' new reasons for larger government than defined by its founding forefathers as the 4 principle purposes of government, government spending increased faster than economic growth, primarily fueled by zooming social program spending, much caused by Social Security & Medicare - and the share of the economic pie remaining to the private sector was reduced. Government spending ratios increased for the federal government, and state & local government spending increased faster than the economy and its employee head-counts faster than the population. As of today, the federal government spending ratio has reached 25% of national income - representing 10 times more growth in government spending than growth in the economy since1930. And, state & local government spending now consumes 15% of the economy, three times higher than after the 2nd world war.

mwhodges.home.att.net...

10 TIMES MORE GROWTH IN GOVERNMENT THAN GROWTH IN THE ECONOMY!!!

The Behemoth is out of control.

There should have been a law that says Government debt can't increase past 7 trillion in a 13 trillion dollar economy without 100% of the House and 100% of the Senate. Hopefully the debt could have stayed between 3-5 trillion.

If the debt was 5 trillion now against a 13 trillion dollar GDP, crack open the champagne. You would get more people making good money from Real Estate, Entrepeurship and on the Internet.

Originally posted by platosallegory
And, state & local government spending now consumes 15% of the economy, three times higher than after the 2nd world war.

.

THAT is NOT true. It is really 75% of GDP, and much higher after cap and tax passes. When people start to understand that it saves money NOT to work, noone will bother to work, or more likely, all under the table, like the USSR did.

The American Government has borrowed and spent us into oblivion

This is why you guys need to remove all your money from your accounts and buy barter items while you still can.
Stop paying any taxes you can (income) you are feeding the very machine that is destroying you...hello!
Work underground.
What exactly do you owe this uncle sam anyway? what has he done for you lately?
Seems to me your uncle has thrown you over the barrel and doing you dry.

[edit on 16-5-2009 by helltick]