Lost prosperity

The American Thinker ^ | October 22, 2009 | Steve McCann

[Scanian]

Few things cause the eye to glaze over more than economic statistics, particularly when discussing all but incomprehensible sums in the billions and trillions of dollars. There are two statistics which the public should be aware of more than others; they are

1) Gross Domestic Product (total economic output of the country); and

2) The Net Gross Domestic Product per Person (The GDP less the amount of government spending at all levels divided by the total population).

The Net GDP per person recognizes the impact of federal, state and local spending on the economy.

Ideally the net amount each citizen realizes of the GDP should increase every year adjusted for inflation. That is an indicator of private wealth creation, higher personal incomes and a healthy economy. Despite minor ups and downs the overall trend in an eight year period should always be on the positive side and normally has been over the past twenty-five years.

[DB]

Pray.

[Leisler]

We have only yet begun, as a species, to tap the genius and energy that mostly lays unused in most of us. When free to do so, we have seen vast increases in wealth. For example, the liberation of Communist China( in as much as it has ).

Anyways, what has retarded progress, what do we know either keeps progress at bay, or reverses it as in Pol Pot’s Cambodia, or today in Hugo Chavez’s Venezuela, or northern urban states in America?

The answer. Government.

Were there is government, there is poverty.