"...You cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit."
Daniel Hannan, British Parliament
His statement, "You cannot buy yourself out of a recession or spend yourself out of debt," came on the heels of the above quote. This latter quote is the one the media is keying on. This is the tactic currently employed by our President to solve our economic predicament. These two statements together expose a portion of this tactic unconsidered by many.
Our government produces nothing.
Granted, the former quote speaks of "legal plunder" by the government. And sure, government provides services, but unlike the private, productive sector of our society, the services do not produce wealth. When the government spends the dollars to provide that service, it spends my dollars and your dollars, and the money is gone.
Government, by its nature, takes money from its citizenry (you and me) to fund itself. As the government grows, so too grows the taking (stealing) from the productive for its own survival or to fund the unproductive.
Pretty soon, as the productive segment of society withers under the weight of the bureaucratic behemoth, there will be nothing left to take.
Our government produces nothing.
Granted, the former quote speaks of "legal plunder" by the government. And sure, government provides services, but unlike the private, productive sector of our society, the services do not produce wealth. When the government spends the dollars to provide that service, it spends my dollars and your dollars, and the money is gone.
Government, by its nature, takes money from its citizenry (you and me) to fund itself. As the government grows, so too grows the taking (stealing) from the productive for its own survival or to fund the unproductive.
Pretty soon, as the productive segment of society withers under the weight of the bureaucratic behemoth, there will be nothing left to take.
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