Friday, July 17, 2009

It's not the Trillions, it's the size of the Pie.

I am decidedly not a fan of Pat Buchanan. He is in my view a highly right colored demagogue and more importantly, populist. Because he is a populist, like Bill O'Rielly he sometimes hits the nail squarely on the head.
"Taxes drove the American Revolution, for we were a taxaphobic, liberty-loving people. That government is best that governs least is an Americanism. When 'Silent Cal' Coolidge went home in 1929, the U.S. government was spending 3 percent of gross domestic product.

And today? Obama's first budget will consume 28 percent of the entire GDP; state and local governments another 15 percent. While there is some overlap, in 2009, government will consume 40 percent of GDP, approaching the peak of World War II."
The reason we haven't sunk yet is that it is arguable that productivity has expanded at a far greater rate. The cancer that is government is now growing so fast that it will soon overpower it's host. Journalist Garet Garrett died the year I was born, and penned a piece of brilliance referring to Esau's waste of his birthright called "The People's Pottage" which is in Mr. Buchanan's column.
"There are those who still think they are holding the pass against a revolution that may be coming up the road. But they are gazing in the wrong direction. The revolution is behind them. It went by in the Night of Depression, singing songs to freedom."
Pat's column is well worth reading.

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