This morning’s headlines are further proof that the state is strangling economic growth. A modern economic system will not grow when there are high rates of taxation (federal, state, and local) coupled with burdensome regulations on business. We have seen this phenomena quite visibly in our nation’s lack of economic growth for the past eight plus years. Some of the problem with our nation’s blindness or unwillingness to see this is the fourth estate’s coverage of facts but the sin also rests at the foot of those Americans who do not take the time to be educated on what is happening at a macro level with our economy.
This situation bodes the question, when will Americans say enough is enough?
Americans must awaken from their slumber, jump out of the boiling water, remove themselves from the slippery slope or whatever metaphor you so desire to really understand that we are losing our liberty.
Another example of government overreach was reported today. A Roseville, Michigan man was actually ticketed for warming up his unattended automobile. This was not the case of a car being left unattended on a public street idling while its owner was nursing a beer at last call. No, this auto was in the man’s own driveway. This so called crime cost him $128 for the ticket but more importantly, this theft of personal liberty demonstrates how intrusive our government at all levels has become.
To see the story, please go to the WXYZ TV website.
In this highly charged political season, there are many Americans asking why our economy cannot seem to grow enough to keep the nation’s families income rising. During the Obama administration, even a 3% growth rate has been unattainable.
This lack of economic growth, has led a decline in real median income for average Americans since 2007. This is real pain for American families.
One reason for this failure is the statists’ desire to regulate and control the private sector economy. Look at the amount of new regulations placed upon the US economy by non-democratic means over the last two decades.
It is no wonder our economic engine cannot perform.