True Colors

The budget deal currently being passed by Congress shows that, when push comes to shove, there is only one party and it will always spend more than you have. More spending, always. Higher taxes, always. Bigger deficits, always. With government able to print money to fund itself there is no real restriction on spending until the whole mess collapses. Since government spending is simply economic value destroyed – the value of the output is less than the value of the inputs – the drag to destruction is getting faster. Don’t kid yourself that your vote has any influence whatsoever.

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