Here is the most eye-opening quote on the stimulus bill yet, from Senator Minority Leader Mitch McConnell:
“It’s anticipated, if all of these new spending items that we’re in the process of considering, go through, that government spending in this country as a percentage of gross domestic product in 2010 could well be just under 40 percent,” he said. “Just under 40 percent.”
Right now our government contributes around 20% to our Gross Domestic Product. GDP is the total market value of all final goods and services produced in a country in a given year. So everything that the U.S. manufacturers or services sold in a given year.
Here is the scary party of this quote. What McConnell is saying is that by 2010, 40 cents of every dollar that our country manufactures or sells will need to come from government funding - - and this funding depends on taxing the citizens for its cash flow. We already work until late April just to pay the taxes we owe now.
40% government-funded GDP is the level that Socialist, European countries are at. We must all be absolutely crazy.