World-Wide Government Bubble
It’s not Dems or Repubs - both parties are to blame.
This bubble of government makes all other economic bubbles that have come before seem puny by comparison. Furthermore, this bubble is uniquely world wide. As liquidity is running out and credit is drying up, many nations are in a chain reaction realizing the hot air on which their financial and political systems stand. In any case the dreams of Obama, the RINOs, and the Democrats will become painfully deflated as the era of big government comes to a close.
All bubbles come to an end when the liquidity is no longer available. After a certain point the bubble cannot be stopped by outside forces, but it does stop when the available resources are no longer available. It is like a fire that rages until the fuel is spent.
By all these measures, we have a Government Bubble that is popping.
“In the span of a few weeks we went from pledging to spend $1 trillion to $3 trillion - a commitment which then grew to $5 trillion before ballooning to a staggering $8.5 trillion… As illustrated above, you can see that in today’s dollars, we have already committed to spending levels that surpass the cumulative cost of all of the major wars and government initiatives since the American Revolution.
The rate at which the government is sucking up money has gone exponential. Under the name of “stimulus” and “bailout” they give money they don’t have to their political cronies with only a fig leaf of a cover story. The conservatives are impotent to stop the phenomenon. The Grace Commission clearly sounded the alarm decades ago to no avail.”
Spending increases under various presidential administrations - graph
If you look at the rise in spending it is clear that it has gone on unabated, crossing Republican and Democrat Congresses and Administrations without any distinction. The phenomenon is beyond the political realm. The government bubble is an economic phenomenon that transcends politics.
Read the whole thing More graphs, too.
