If Gov Sees Something Moving ...
Monday, August 13, 2007 - FreeMarketNews.com
A study commissioned by Winston Churchill during WW II showed that, left unchecked, the natural tendency of a bureaucracy is to expand by about 4 % a year, indefinitely.John Williams, writing on Shadow Government Statistics:"The U.S. Government's negative net worth widened to $49.4 trillion in 2005. For the first time, total government liabilities have topped $50 trillion, and the number is continuing to grow. The United States is bankrupt, whether the Bush administration wants to admit it or not."And of course, ultimately, another net result is higher taxes, along with the inevitable inflation – which is itself a tax. As Ronald Regan once remarked:"The trouble with those on 'the left': if they see something move, they'll tax it, if it keeps moving, they'll regulate it, and if it stops moving, they'll subsidize it." Staff Reports - Free-Market News Network
A study commissioned by Winston Churchill during WW II showed that, left unchecked, the natural tendency of a bureaucracy is to expand by about 4 % a year, indefinitely.John Williams, writing on Shadow Government Statistics:"The U.S. Government's negative net worth widened to $49.4 trillion in 2005. For the first time, total government liabilities have topped $50 trillion, and the number is continuing to grow. The United States is bankrupt, whether the Bush administration wants to admit it or not."And of course, ultimately, another net result is higher taxes, along with the inevitable inflation – which is itself a tax. As Ronald Regan once remarked:"The trouble with those on 'the left': if they see something move, they'll tax it, if it keeps moving, they'll regulate it, and if it stops moving, they'll subsidize it." Staff Reports - Free-Market News Network
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