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Should We Spend More Than We Earned?
Spending 3-5% more than our GDP doesn’t sound so bad, does it? But that figure is misleading. Our government is currently spending about 25% more than it’s income this year. That is a more realistic gauge of our deficit spending. How many years would it take to go completely broke and without recourse spending 25% more than you earned?
The Stock Market Crash Was an Example of What Redistribution of Wealth Feels LikeWe have sure heard a lot about redistribution of wealth lately, especially as Obama brought it up during the 2008 Presidential Election when he told Joe the Plumber; “Let’s spread the wealth around a little.” It’s talk like this, which scare folks that understand economics and governments. The phrases like “redistribute wealth” and “Spread the wealth around” are buzz phrases for socialism. The biggest problem with all this is that our great nation and our success is based on Capitalism, not socialism.
