vecchia capra wrote:
Suddenly, in 2017, someone has decided that Government spending is worthy of study? Really?
We are buried in debt: "On January 26, 2016, debt held by the public was $13.62 trillion or about 75% of the previous 12 months of GDP. Intragovernmental holdings stood at $5.34 trillion, giving a combined total gross national debt of $18.96 trillion or about 104% of the previous 12 months of GDP." (Source: BEA and treasurydirect.gov). The only time in our history we have been so in debt was during WWII. In 1946 we had beaten enemies on two separate continents and were the single superpower on the planet. Today,
what do we have to show for our debt load?
Well, some of us rich folks are sitting on a much larger pile of (Fed-inflated) funny money than we sat on in 2001, for starters. We tend to vote for our interests unlike vast swaths of the country who vote with their gut. As far as my investments are concerned, I'm pleased with the performance of all 3 most recent administrations :D.
I'm only marginally concerned about the tax man coming to get my money to pay for all this later. Job creators always find ways to hold on to wealth and sell the job creating story to suckers who vote against their interests.