By Chris Rossini
It's the same old story from the one-party state: They're all spending (i.e., wasting taxpayer money) at breakneck speed. Government doesn't stop at what they're able to rip off from our incomes. No....They go WAY beyond that.
Drowning in $21 TRILLION in debt, the federal government spent $100 billion more in October of this year than what it took in from taxation. Bloomberg reports that this was a 60% jump from October of last year!
Remember that government is not a wealth-generating institution. It is parasitic. It's a taker and waster.
The more that government spends, the more it undermines the wealth generating economy.
Every dollar that is taken from you by government could have been used to improve your lot in life. Those opportunities are now gone, never to be realized.
Will government raise taxes to fix its financial distress?
Again, bad deal for you. The last thing that you need is for them to take more!
Will government issue even more debt?
Bad deal for you.
The more private savings that are sent to government, the less private savings are available for the productive economy. Government grabbing of resources crowds out resources that could have been used to satisfy people's urgent economic desires.
Will the government lean on the Federal Reserve to create money out-of-thin-air to finance its deficits?
Once again, VERY bad deal for you!
For every new dollar that the Fed creates, the money in your wallet and bank account lose purchasing power. Prices will continue to rise around you.
Perhaps people will need a third job (many people already have two) just to stay afloat.
This is not a Republican/Democrat thing anymore, even though that's where your attention is carefully steered.
This is a Power versus Liberty issue.
Power is going nuts and it sees no restraints to its actions.
Everyone's property and income is ripe for the taking....including yours.