Friday, June 5, 2009

Another Government Spending Record

With all the talk about the so-called Fairness Doctrine and warnings about the liberal intent to silence conservative talk radio what should be an alarming news report may not be getting the play it deserves. This blogger heard about the following story on the Mark Levin show on Thursday evening (June 4). This is just one tiny example of why conservative talk radio is important. Summaries of the day's events and news, etc., contain items that others largely ignore. Probably because the MSM is liberal and do not have an interest to emphasize the really critical issues. One in six dollars of American income now come from government sources. If that statistic does not bother you the problems in this country are escalating at a dangerous level. This is absolutely ridiculous. An average of $17000 per American household is fed by the Fed or state coffers. The highest figure since they began recording the data in 1929. Gee, what's significant about that year? We don't need to go back there but that is exactly where current national policy will take us. The links and excerpts from the report are presented below. One more stunning item in the news report features brief commentary by two economists, one liberal, one conservative. That too is enlightening. How different the views of liberals and conservatives are. The recession is driving the safety net of government benefits to a historic high, as one of every six dollars of Americans' income is now coming in the form of a federal or state check or voucher. Benefits, such as Social Security, food stamps, unemployment insurance and health care, accounted for 16.2% of personal income in the first quarter of 2009, the Bureau of Economic Analysis reports. That's the highest percentage since the government began compiling records in 1929. the liberal economic viewpoint.... "The increase in social spending is still relatively modest given the severity of the downturn," says economist Dean Baker of the liberal Center for Economic and Policy Research. "We're not France." the conservative economic viewpoint.... Adam Lerrick, economist at the conservative American Enterprise Institute, says the benefits' explosion will eventually lead to an economic crisis. "We've seen this movie before in many countries. It always has the same ending," he says. Could it be the liberal economist expresses no concern as that would run counter to the libs' philosophy of having government run everything? Imagine what that means with the rest of the current liberal majority agenda including education, environment and healthcare just to name a few. Then there is their desire to render national defense impotent and open every border of this nation and pay for it all with the redistributed wealth of those who earned it. We are in a world of trouble if this persists. Stanford Matthews

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