Friday, February 5, 2010

Budget Bombs As Far As The Eye Can See

SEE HERE It doesn't get any worse fiscally than it currently is due to the irresponsible spending and horrendous policies of the government who seem to think that money grows on trees (oh yeah, it does in the form of the raw material of paper). The reality is that we're spending money we don't have at unsustainable rates for purposes that are impossible to achieve given the nature of economics. You can't spend yourself rich and you can't create jobs by taking the resources of some people and shifting them to others. Jobs are not created by government. Indeed, on net, government is a tremendous drain on the productive sectors of the economy. It creates nothing and absorbs far more than any value conveyed in return. The fact that all the flim-flam artists in the world gravitate to government in the form of politics should tell us something about the nature of the beast. It's all smoke and mirrors and distortion. "Ignore the man behind the curtain."

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