Graham Collections

28
Feb

The result of the welfare state

This article is a must read for anyone who thinks there is still hope to stop the run toward unsustainable national debt. Living in the disaster that is the current government of California sobers one up to the potential realities of shifting unfunded mandates to the fewer and fewer people who actually produce something. What is happening in Greece and the EU is what will happen here if we do not stop voting ourselves more and more mandatory spending.

Look also at this spending graph over the last 5 decades.

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