I heard on the radio U.S. farmers managed to grow $200 billion total crops this year. I also read that U.S. railroads have survived on susbsidies, grants and loans from the U.S. government, totaling $25 billion during the entire time we have had railroads.
I offer these figures to give perspective on the amount our government is spending. The Obama administration plans to continue borrowing $4 billion a day during 2012. That’s $120 billion a month. In two months, the U.S. government borrows $240 billion. That’s more than all the farmers we have in the country can produce in food in a year.
How does this insane level of spending come about?
Consider our state government. When they take steps neded to curb spending and balance the budget, how are they rewarded? Recall.
Scott Walker balanced the budget and gave local governments the flexibility to balance local budgets by removing costly labor rules. I heard one school administrator say that he had not been able to move a photo copier from one room to another without union approval under the old rules. The old rules impossed rigid inefficiencies on the public workplace.
Punishing politicians for reducing costs must end or all government will go bankrupt.