Daniel Mitchell of the Center for Freedom and Prosperity, has published an article on the Cato Institute website that states that too little government is just as bad as too much government. Basically, things should fall according to a Laffer Curve, but the midpoint where things are most efficient is at a 17.5% GDP. The last time this occured was in 1965. Right now the cost of government is running about 40% of the GDP and growing larger. There are some that predict that if we don't stop the growth of government, we will be looking at the cost of government to exceed 60% GDP by the end of 2010 and 90% by the 2012 election. We have to reverse course. If we don't, we will end up with economic collapse. This will lead to a world-wide economic collapse, followed by mass famines, mass violence, and possibly a nuclear World War III. What would be left after that is anyone's guess.
Let's face it, the size of government in the United States has grown into leviathan proportions. We can not sustain it. I agree with Mitchell. Yes, we need government, but we need smart, unbloated, efficient government. I will add to this and write subsequent articles for this blog on how I would fix the government problem in this county over the next several articles. Stay tuned.
Riots, Riots, Everywhere
14 years ago
No comments:
Post a Comment