Profligate Spending

☆ World’s Third Largest Economy: American Government

News Analysis: The World’s Third Largest Economy: American Government is due principally to the Federal Government’s expansion with the current Regime in the White House.  Federal, State, and Local Governments in America constitute an estimated $6.2 Trillion Dollar Consumption in America’s $16 Trillion Dollars in Goods and Services Market”! $8 Trillion Dollars is the economic output of China followed by Japan’s $5 Trillion Dollars of total economic output.

If one extrapolates the U.S. Government Federal Expenditures ($3.5 Trillion Dollars), the conclusion can be readily made that Government Employment is at a Non-Wartime High, many people say. This, if true, works to the White House’s lower Unemployment Numbers. “The Federal Government has hired ‘everyone'” so Unemployment is not too severe” Economists think.

Unfortunately for America, High Federal Government Employment DOES NOT translate into producing “Saleable Goods and Services” to the International Marketplace. Are the 50,000+/- Transportation Security Administration Employees at U.S. Airports going to make or sell something for Foreign Customers? Hardly; “An Institutionalized “Make Work” Program, nothing more” people say.

The Presidential Election approaching will bring in a new Regime. Hopefully, it will not squander money, but instead act in a Fiscally Responsible manner. When it gets here it will face a estimated National Deficit of approximately $22 Trillion Dollars; an amount it CANNOT possibly repay during the lifetimes of today’s adults. Profligate Spending by Political Wastrels who care NOTHING about America’s Future Generations is obvious; how to repay those who provided the Monies is not.

Reality.

Reference: http://www.breitbart.com/Big-Government/2014/03/31/US-Government-Is-Worlds-3rd-Largest-Economy

Canadian Government’s Successful Budget Concept Should be Studied by Other Nations

News Analysis: Canadian Government’s successful Budget Concept was actualized by a Steadfast Discipline. This occurred through increasing Private Business Momentum [thereby increasing tax receipts] as well as containing Irrelevant Spending. Now, the country’s Deficit has been greatly reduced. It now offers Survivability if another Global Turndown were to occur.

All too often, Economic Downturns are ‘attacked’ by Governments through Profligate Spending. What is not understood by the Country Leaders is the fact: The amount spent may be less important than to which that money is allocated.

A Country sometimes panders to its  leader’s desire to attain “Celestial Standing” in the nation’s history. If it has Weak Legislators, they act as his Minions and create an ill-conceived law. So, a Program is  Ordered TO HIS Citizens;  ‘Named’ in his honor, it feeds his ego but does nothing but Delay Economic Recovery. It is a definite Economic  Impediment if it is poorly designed and executed. The timing cannot be worse:  Continued unemployment and low earnings of the citizenry are compounded by additional Personal Expenditures Mandated by the Program.

Fortunately, for Canadians, their Government is far more Prescient than that of some Nearby Nations.

Reference: http://tinyurl.com/k5nzzzu