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Lazy Jack| 12.4.09 @ 3:33PM
Below is a passage from the Thanks for the Laughs blog entitled "Seven Million Missing Jobs, Thanks to Your Government's expansion."
"In this country today the combined federal, state and local governments spend the equivalent of 37% of GDP. For fiscal 2009 that will be 45% of GDP. The table below demonstrates the negative correlation between GDP growth and government spending comparing three periods over a 100 year span of time. In short, GDP growth rates subside as government spending rises, robbing the individual of the fruits of his or her labor. This data does not take into account the affects of national resources, monetary policy, and productivity or technology advancements, all of which can mitigate the deleterious effects of government encroachment."
Basically, the premise, supported by some very rough statistical snapshots, is that economic growth clearly slows as government spending expands.
But let's not let facts get in the way of our platitudes. It is only three hundred million lives we are toying with...
Lazy Jack
http://thanksforthelaughs.word.....expansion/