MoreFreedom Wrote:
Jan 24, 2013 12:26 PM
"It's because politicians have made off with $9 trillion from our GDP. " Ransom is too generous to our politicians here. The net present value of federal government promises is well over $100 trillion. This is more than the value of everything we own (both public and private) in the US. http://online.wsj.com/article/SB10001424052748704288304576170974226083178.html Ransom is right that the costs of regulation reduce our prosperity, and eliminating them would allow the economy to grow, along with tax receipts to pay for government obligations. But it would only delay the inevitable financial reckoning.