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Posted: 8:41 a.m. Friday, Feb. 10, 2012
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By Neal Boortz
As our entitlement nation grows and as more and more people, through decades of government school indoctrination, are blinded by the false riches of government, we are losing our economic strength. We are losing our ability to grow. Our government grows bigger, more people become dependent on it, but who is going to keep producing enough to keep it growing? The answer is that it can’t.
Daniel Mitchell of the Cato Institute says there’s an inverse relationship between big government and economic performance. Luckily, some entities are beginning to spread the word:
The European Central Bank published a study showing “…a significant negative effect of the size of government on growth.”
A study by two Harvard economists found that “large adjustments in fiscal policy, if based on well-targeted spending cuts, have often led to expansions.”
The Organization for Economic Cooperation and Development noted in recent research that welfare programs are economically destructive because they lure people into dependency because “net disposable income would increase despite putting in fewer hours.”
A study from the International Monetary Fund concluded that “Cuts to pension and health entitlements had the most beneficial effect on economic growth.”
We can only sustain this for so long. Re-elect Barack Obama and I’m not sure we will ever be able to fully recover. It won’t take long for the cancer to metastasize. Then, we’re screwed!
Neal Boortz chronicles his 42 years of talk radio in his book "Maybe I Should Just Shut Up and Go Away" Available on line and printed from Barnes and Noble and Amazon.
comment(13)
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