Monday, April 9, 2012
America: A Government Out Of Control
America: A Government Out Of Control | ZeroHedge: "Something odd and not quite as planned happened as America grew from its "City on a Hill" origins, on its way to becoming the world's superpower: government grew. A lot. In fact, the government, which by definition does not create any wealth but merely reallocates it based on the whims of a select few, has transformed from a virtually invisible bystander in the economy, to the largest single employer, and a spending behemoth whose annual cash needs alone are nearly $4 trillion a year, and where tax revenues no longer cover even half the outflows."
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