When governments spend more it inflates meaningless statistics like GDP, which is a broad measure of economic activity. GDP goes up when government spends more, caring not where the money came from or what the financial activity is. It goes up when America goes into debt to buy more expensive fuel. But when it goes up the liars tell us we have a recovery and posture government as the savior, but in the long run it supplants the honest, wealth creating economy with one that consumes the wealth producing segment.
AFP: US deficit up 15.7% in first half of fiscal 2011: www.google.com/hostednews/afp/article/ALeqM5il-7CO...e.921
http://chum.ly/n/81da6f
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment