Government spending is a tax. Let’s get what’s obvious out of the way. And this isn’t a comment about deficits versus surpluses. A focus on either is the stuff of simple minds. It implies that how government gets the money it wastes matters. It really doesn’t. What matters is total dollars spent. It’s a signal of how much control people like Nancy Pelosi and Kevin McCarthy have over the economy.
The horrors of government spending aren’t just the seen whereby the Pelosis and McCarthys of the world substitute themselves for actual investors. Consider the unseen; as in how many Microsofts, Amazons, and Grails (look it up) never achieved lift off over the years because politicians were such size consumers of precious resources. Government spending is a cruel barrier to better living standards, health, and opportunity.
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