Friday, October 08, 2010

What is the cause of the nation's "saving problem" - The Feds

This chart tells the sordid story.  And yet the creepy critters who run our Federal government have the temerity to lecture us.  Oh, and by the way:  this is what a capital strike looks like:  a rational response to profligate government because people realize that taxes are bound to go up.  The problem is that Federal and private spending are not equal:  private spending earns a return while Federal spending inevitably destroys wealth.  All in all a catastrophe for the nation.  And the world.

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