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Why are spending, taxes rising faster than the rate of inflation?

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Why are spending, taxes rising faster than the rate of inflation? From all indications, Chicken Little is alive and well on both the national and local levels. Nationally, we have seen federal spending go from $3 trillion in 2008 to $3.8 trillion in 2012 — up a whopping $800 billion, or 27 percent. During the same time, inflation has gone up only 8 percent. If federal spending went up at the rate of inflation, spending ...


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comments

wmarincic
March 30, 2013
9:05 a.m.

[ Flag Post ]

NY is one of 11 States on a death spiral. Two factors determine whether a state makes this elite list of fiscal hellholes. The first is whether it has more takers than makers. A taker is someone who draws money from the government, as an employee, pensioner or welfare recipient. A maker is someone gainfully employed in the private sector.
http://www.forbes.com/sites/baldwin/2012...

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