
Every time someone reads this blog an angel gets its wings. - Zuzu, the Elder
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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