Reliance on Government at All-Time High

Last year Americans were more reliant on their government than ever before. For the first time since the Great Depression Americans took more money from the government in the form of welfare checks than they paid in taxes. This contributes to the already record deficits that we have run up over the past year.

While consumer spending did actually increase in the second half of last year wages and employment did not. The spending that did increase was due mostly to the record government spending which essentially subsidized a recovery.

In order to achieve real economic growth, and avoid the double dip recession the US Chamber of Commerce warned about, money and control once again be placed in the private markets.

Simply put the current spending trend simply is not sustainable. The government can not afford to further hedge our economic future by spending more than it is taking in. While the debt ceiling can be raised as it was earlier this year eventually debts must be paid and the more we put off till tomorrow the greater danger to our economy.