Cut Government To Grow The Economy--posted by Tony Garcia on 10/23/2012
It has been long known by many economists that the size of government is a drag on an economy. It is being stated again. This time with the clear message that cutting the size will have a major positive impact on the economy.
“Eventually, you have either huge changes occurring in a peaceful fashion through reforms, or, usually, through revolutions,” [Faber] said. The U.S. is getting closer to such a revolution, he said, as is Europe.The stereotypical government worker shudders...they might have to actually become productive.
“My medicine for the U.S. is: Reduce government by minimum 50 percent,” he said. “The impact would be immediately an improvement in the economy.”