WendyMcElroy.com: This Can't Go On: "That's how much the U.S. government spends, in inflation-adjusted dollars, per capita. Which means it's adjusted for both inflation and population increase. And note that that graph has a logarithmic scale.Until it ends with guns to the heads of the last remaining productive few. I think it was Kevin Williamson who pointed out the difference between communism and socialism. Communism starts with a gun to the head ... and socialism ends with one.
A hundred years ago, federal spending for each person was the equivalent of $200 in today's dollars. After FDR, with all of his massive public spending, it was $1,000. This year, it's over $12,000. How long can this continue?"
H/T Glenn.
Posts
