Hooray? You Won’t Believe How Much More Government You’re Buying

You might not be surprised to learn that since the time I was born, our addiction to corruption has quadrupled federal spending. But yet I was shocked to learn that investing has quadrupled per man, and, yes, that’s in inflation-adjusted money.

The good news is that taxes, as a share of our gross domestic product, have n’t actually increased all that much overall. Because we’ve chosen to spend the majority of that money on the national Visa card, which may hinder our children, their children, and so on for generations to come, we’ve been wise enough to do so.

We are thus screwed.

Washington’s Office of Management and Budget produced one of those eye-popping figures last year that, for whatever reason, came across my social media sensor this day.

That 2020 top was because of all the “relief” saving made necessary by the terrible and superfluous COVID shutdowns. What looks like a slow return to sanity over 2021-2022 &nbsp, does n’t account for the massive spending hikes baked into the federal budget by Presidentish Joe Biden’s legislative IED of fiscal recklessness: the American Rescue Plan Act, the Infrastructure Investment and Jobs Act, the CHIPS and Science Act, the Inflation Reduction Act, and various illegal student loan “forgiveness” measures.

Washington, I should add, is home to the same group of well-intentioned ( and not-so-well-intentioned ) idiots who wo n’t stop prattling on about” sustainability”.

Do you believe that today’s worth is four times higher than it was in 1970? Because I sure do n’t.

Where does the income then come? It does n’t go to defense, at least not like it used to. &nbsp,

Ronald Reagan’s Cold War-winning defense buildup peaked at 5.7 % of GDP in 1985 and would have been a deal at twice the price. How frequently do you keep an existential competitor without firing a photo on” the ash heap of background”? When President Bill Clinton was busy screwing us out of our position (among other things ), with budget cuts that were dangerously large, and budget cuts that hollowed out our defense production capability, defense spending reached a 2.7 % level in 1999. &nbsp,

Also during our long adventures in Iraq and Afghanistan, defence spending rarely rose above 4.5 % of GDP— and only in one month, 2010. Full security investing— yes, including Ukraine — has been on a downward glide path always since, shrinking back down to that 1999 small of 2.7 % this year. And unless President-elect Donald Trump turns items around, security is going to do nothing but reduce more.

I’m not saying we’re spending our money effectively on defence. So much of what we buy is overpriced, soon, or devoted to Woke drivel that harms our national security. However, I’m suggesting that if you’re looking for the$ 27, 679 suspect, you’ll have to look abroad that, in the past, Japan and Germany had to roll the dice on a war with the United States, which was unbearably nearby.

Everyone who uses the word “entitlement” sincerely is either a liar or fool because the majority of the doubling is funded by entitlement spending, with significant contributions coming from schooling and interest payments. &nbsp,

The interest rate on our$ 36 trillion debt is almost identical to the pay taxes that Washington collects annually to give rights. Therefore, we will receive only what Washington has the means to provide for us.

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