Wednesday, July 13, 2011

Why does the Federal Government have a “spending addiction”

- The Federal Government does not create wealth.

- The private sector creates wealth - Big corporations, small businesses, partnerships, and self-employed individuals selling products and services create the wealth in America.

- The government takes the private sector’s wealth through taxes and spends it.

- It’s easy to spend other people’s money, isn’t it?

- To date the Federal Government has spent $14.4 trillion more than the private sector has created over the years.

- So what’s the easy solution for the Federal Government – Naturally, take more private sector wealth through taxes.

- Bottom Line – This is a spending problem – the Federal Government is addicted to ALL manner of spending the people’s money.

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