The Imperial Route to National Oblivion

Will Grigg / Liberty Minute:
According to the New York Times, the Obama administration's budget projections present "a picture of a nation that like many American homeowners simply cannot get above water." The budget envisions $5 trillion in tax increases and a $1.6 trillion deficit. This year, federal spending will devour nearly 11 percent of our nation's entire economic output. Under the most optimistic projections, by the end of the decade that figure will climb to more than twenty percent. Given the destructive impact of government intervention in the economy, that percentage will likely be much greater as productivity shrinks while the government’s appetite continues to expand.

Posted by Editor at February 8, 2010 03:29 AM