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Are We Becoming European?

Daddio7 Wrote: Jan 04, 2013 2:02 PM
I calculated that if every year on the last trading day of the year I invested my SS tax in the stock market I would now have six hundred thousand dollars. If I had bought gold instead, 340 oz , about six hundred thousand dollars. This is on one hundred forty thousand dollars tax paid. What, we're not supposed to get interest on our investment?
RayTheAnarchoCapitalist Wrote: Jan 04, 2013 7:33 PM
By the time you retire you'll get plenty of interest. Unfortunately, the interest rate is negative.

Following the fiscal cliff melodrama, Senator Richard Shelby appeared on television to declare that we are becoming European. "We're always wanting to spend and promise and spend and borrow but not cut. We've got to get real about this. We're headed down the road that Europe's already on."

There's no "heading" about it. We're there. Prof. John J. DiIulio, writing in "National Affairs", outlined the true size of American government. When state and local government expenditures are added to federal outlays, government spending as a share of GDP easily competes with European nations. In fact, per-capita government spending in the...