Things that make your go, Hmmm…

Posted on 15th June 2011 by Trevor Reynolds in Blog

“ The proportions and the nations change, but the question remains
the same…How did a US government “govern” a nation
of 92 million people with an annual budget of $US 0.7 billion
and a total (funded and unfunded) debt of $US 2.7 billion one
hundred years ago? The answer is very simple. For the most
part, they didn’t. And because they didn’t, they didn’t indulge
in economic make believe. They had no income tax to “fund”
them and no central bank to print more money – if necessary.
Today, the US government “governs” 310 million people with
an annual budget of nearly $4,000 billion and a total (funded
and unfunded) debt approaching $US 100,000 billion. It takes
about 5,400 times as many dollars and about 37,000 times
more debt to “govern” about 3.35 times as many people as it
did a century ago. Why? The answer is equally simple. Today,
the US government “governs” everything. It is all pervasive. It
has taken over the economy from its people.”
– Bill Buckler

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