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Posted: 9:14 a.m. Wednesday, Aug. 25, 2010

IT'S GOOD TO BE IN GOVERNMENT 

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By Neal Boortz

Every day I am reminded of how gunched up over government our country has become. Take a look at these statistics from the New York Post. Considering these facts, is it any wonder that the private sector is scared to grow?

  • From January 2008 to January 2010, private-sector jobs plunged from 115.5 million to 106.8 million. But the number of federal, state and local public employees climbed up a tick, from 22.3 million to 22.4 million, as economist Veronique de Rugy recently noted. In other words, some 8.7 million private-sector jobs vanished, while the public sector gained 100,000 jobs.
     
  • Private-sector jobs began to fall almost immediately after the onset of the recession in December 2007. But state and local jobs remained steady, at least until last month, when states finally started laying off their workers, too. As for federal employment, as of July, it was nearly 10 percent higher than back then.
     
  • On Aug. 1, 2008, the portion of our national debt held by the public stood at $5.4 trillion. Now it stands at more than $8.8 trillion. As of the second quarter, GDP was growing at 2.4 percent, but many economists expect the growth rate to be revised down to 1.3 percent. So while our economy is growing at less than $19 billion per month, we are borrowing, based on the last two years, at the rate of more than $141 billion per month -- 7½ times faster.

This is exactly how Obama and the Democrats would have it. More government means more power to them. The private sector is the enemy. They will go to great lengths to demonize individual success and they will work to paint the rich as evil and greedy. The funny thing is .. at the rate we are going, the greedy rich will eventually be the very same government workers that they created. Then who will they pander to? Then whose pockets will they plunder?

 
 

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