Our Friend to the North Issues a Warning we should heed!
David Warren explains the problem we and the world are facing with untethered debt expansion, led by BHO.
An interesting 2 paragraph summary:
"For our governments have created vast bureaucracies, employing immense numbers whose livelihoods depend entirely (whether they realize it or not) upon the capacity of profit-earning people to pay constantly increasing taxes.
It should have been grasped, decades ago, that the constant transfer of resources from the productive to the unproductive must eventually tip the ship. And when it does, real people go over the side, who get angry when they are thrown in the water. There are consequences to that anger."
A great analysis that should be read and understood. Get Ready!
An interesting 2 paragraph summary:
"For our governments have created vast bureaucracies, employing immense numbers whose livelihoods depend entirely (whether they realize it or not) upon the capacity of profit-earning people to pay constantly increasing taxes.
It should have been grasped, decades ago, that the constant transfer of resources from the productive to the unproductive must eventually tip the ship. And when it does, real people go over the side, who get angry when they are thrown in the water. There are consequences to that anger."
A great analysis that should be read and understood. Get Ready!
Labels: Economics
posted by Jim | 9:45 AM
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