After 365 days of posting these various graphs, Hoven has written a summary of what the graphs show. Read the following and wait for the punchline at the end:
Now that I've explained how fair and objective I've been, what can we learn from a year's worth of graphs and data?Click here to read the rest of this fascinating article.
* Government has grown by obscene amounts since William McKinley was president. In 1900, federal, state, and local governments combined spent under 5% of Gross Domestic Product. Today they spend 40% of GDP or more and account for half of all health care spending.
* The federal government alone spends more than 20% of GDP, owns 29% of all land, and controls virtually all ocean activity, including oil drilling, for miles offshore.
* This puts us square into the mix of European welfare states in terms of government spending and debt.
* Federal government debt is on an unsustainable path, set to grow beyond 100% of GDP soon, and driven mostly by increased spending on Medicare and Medicaid. (And not defense.)
* Yet many federal programs are ineffective and/or going broke: Medicare, Social Security Disability Insurance, the Post Office, the War on Poverty, education, affirmative action, other race-based initiatives, the minimum wage here and in Samoa, bank regulations, regulation in general, etc.
Then came Obama...
"If a nation expects to be ignorant and free... it expects what never was, and never will be." -Thomas Jefferson
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