Send Us Hatemail ! mailbag@conservativecave.com
0 Members and 1 Guest are viewing this topic.
Some have said my warnings about a coming civil war between makers and takers are exaggerated. It’s true that Argentina’s politicians have been waging class warfare since Juan and Eva Peron–and they aren’t fazed when it turns bloody. Obama and the Democrats are relative newcomers to the game. But Argentina reveals who really suffers when those who create a nation’s wealth get mugged by those who spend it–as just happened this week in Washington.
Experience teaches that those who believe in free markets are right. The November election and the budget deal, however, show that the other side is winning, and winning big.Since 1970, America’s public sector has exploded as a percentage of GDP, rising to almost 25% last year. While the national unemployment rate hovers at the 8% mark, government worker unemployment rate is a cozy 3.8%. Sixteen percent of America’s workforce now work for government. By the time the Obama administration ends, we won’t be that far away from Argentina’s 21 percent.