It Gets Even Worse

The projected deficit of the US has been hovering around 11 trillion bucks. Not shocking, but certainly disconcerting, is an even more staggering projected $23 trillion, according to the Inspector General, Neil Barofsky. This is the new projected cost for all the bailout and stimulus programs. The GDP of the US is about $14 trillion. We are going trillions in debt beyond our worth as a nation. There are still people, and I know some of them, that still think it's a good idea. If you want evidence it doesn't work, check out Califiornia. They're issuing IOU's, having brown outs, and have runaway government spending still. New Jersy, Michigan, and New York have the same problems. One thing these states have in common is they're run by Statists. The most successful states, Texas and Indiana, are run by Conservatives. It amazes me to no end that people keep voting in politicians that make things worse and have a proven track record of failure, and don't vote in people that have economic policies that work.

Let's try this one more time (no, probably a gazillion more times)...If you let politicians take the people's earnings to pay themselves and their supporters, everybody but them gets poorer. Hellllloooooo.... the Austrian economic model works, the Marxist economic model does not work.