No one can convince me that this
percentage growth in government tax receipts is not at the root of many
of the causes for our nation's economic decline. By now we are used to
hearing news reports of an improving economy only to learn later that
things were not quite as good as previously thought. We have heard the
same thing about the unemployment numbers. We are told by the
government and so called experts that our unemployment rate
is somewhere around 8%. However, what we are not told is how
many millions of people have stopped looking and are, therefore, not
included in the government's figures. Experts suggest that the real
unemployment figure is around 20%. The growth in welfare, medicaid and
unemployment payments support this number. That means that more people
are on the public dole while fewer people are paying the taxes that
support them. The Federal Reserve projects that the "so called"
unemployment rate of around 8% will be with us for as many as 6-10 more
years. Although not part of this discussion, we cannot ignore the
rapidly increasing national debt now approaching $16 1/2 trillion
because even the giganic growth in tax receipts over the past 100 years
could not satify the government's apetite for spending. Nor can we
ignore the ever increasing cost of interest payment on that debt paid
for by the same group of declining tax payers. As the second link
notes, the debt "...is now projected to grow from 72 percent of GDP in
2012 to 87 percent in 2022." Does anyone really believe that is a
recipe for economic success? It is time for us all to take with a grain
of salt what the government, pundits and media tell us and do our own
research to find the real facts. The three links below are a start.
George Burns
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