Not Ranked
There is no doubt that we are going down the wrong road. In 1929, the U.S. government was spending 3 percent of gross domestic product. Obama's first budget will consume 28 percent of the entire GDP; state and local governments another 15 percent. While there is some overlap, in 2009, government will consume 40 percent of GDP, approaching the peak of World War II.
The deficit for 2009 is $1.8 trillion, 13 percent of the whole economy. Obama is pushing a cap-and-trade bill to cut carbon emissions that will impose huge costs on energy production, spike consumer prices and drive production offshore to China. The pending health care bill will take over 16% of the GDP, add to the deficit and explode the federal debt over time.
When the government consumes close to 50% of the GDP, one is residing in a Socialist state. That's on track to happen by the end of Obama's first term.
In the Declaration of Independence, Thomas Jefferson called George III a tyrant for having "erected a multitude of new offices, and sent hither swarms of officers to harass our people and eat out their substance."
What did George III do with his Stamp Act, Townshend Acts or tea tax to compare with what is being done to this generation of Americans by their own government?
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