And The Scary Thing Is . . .

by Jimmy Akin on April 9, 2009

in Current Affairs

. . . that all the dollars are adjusted for inflation.

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Today is April 15 so you know what that means...
Time to attend your local tea party! No country ever taxed itself to prosperity; but counties have taxed themselves into tyranny.

What's wrong with this graphic is that it isn't the same US that's getting into all of this trouble. There are more people now and the country as a whole has more money. The chart should use percent of GNP or something like that if they want to be fair and accurate.
Note I don't believe better fairness and accuracy would make the final analysis much less depressing.
It reminds me of the "rich are getting richer" argument debunked by Sowell. There are some people making a ton of money. Its a state of life for most people that one moves into for a couple of years and then back out of again. But put it in a chart and it looks terrible.

And it's just money that's being taken from the productive sectors of the economy and being redistributed to the unproductive sectors. How is that going to help the economy?

The bad news, or maybe the good news, is that our country will probably collapse under the weight of its obligations, if not from its grave violations of the moral order, so our future generations probably won't have to pay the debt back.
We'll have to see what replaces it to know if this is good or bad.

I'm going to miss this country. It was nice while it lasted.
I think that government borrowing is unconstitutional.
It is slavery for future people will be paying for this, and they'll be working for nothing (handing over tax money). What crime have the future generations done?
It is taxation without representation. Nobody is representing the future generations who will pay for this, but they'll be paying for it.
Fiat money. The root of all financial evils.

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