“The trouble with socialism is that you eventually run out of other people’s money.” — Margaret Thatcher.
Some may think we’ve not yet sunk into the clutches of socialism — which happens when we have a state-run economy. But consider this: In 2009, federal and state governments will consume 40 percent of the United States’ TOTAL gross domestic product.
This means that nearly half of all the wealth generated in America this year will be taken by civil government to fund its ever expanding control over more and more of our lives and our economy. As a result, we have run out of money while undercutting the means for producing future wealth.
Yet the federal government seeks to expand its reach even more.