Blog description.

Accentuating the Liberal in Classical Liberal: Advocating Ascendency of the Individual & a Politick & Literature to Fight the Rise & Rise of the Tax Surveillance State.

The Soviets thought they had equality, and welfare from cradle to grave, until the illusory free lunch of redistribution took its inevitable course, and cost them everything they had. First to go was their privacy, after that their freedom, then on being ground down to an equality of poverty only, for many of them their lives as they tried to escape a life behind the Iron Curtain. In the state-enforced common good, was found only slavery to the prison of each other's mind; instead of the caring state, they had imposed the surveillance state to keep them in line. So why are we accumulating a national debt to build the slave state again in the West? Where is the contrarian, uncomfortable literature to put the state experiment finally to rest?

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Wednesday, November 14, 2012

Interesting Factoid on US Debt - The Big Crunch (Reinstated Post)



It took the US government over 200 years to accumulate its first one trillion dollars of debt. It took just 286 days to rack up it's most recent trillion.

Last month alone, the first full month of fiscal year 2013, the US government accumulated nearly $200 billion in new debt - 20% of the way to a fresh trillion in just 31 days.

That's more than a little sobering.

From:
The Math That Shows How Bad The Debt Crisis Is

[Apologies for having lost the four comments on this post when it first went up. Technical glitch, I'm afraid.]

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