REAL CLEAR MARKETS
by J.T. Young
June 16, 2015

America has reversed direction from its origin of limited government and unlimited economy. Today, America is increasingly defined by an expanding government and a retreating economy. The question now is: When we will recognize this reversal? America’s original perspective on government and the economy came from our Colonial past. Confronted with what they perceived as unlimited government.. the Founders created a very limited government in the Constitution….The federal budget demonstrates how far government has traveled from its original limited form. In 1930, with the country just entering what would become the Great Depression, the federal government spent just 3.4 percent of gross domestic product (GDP). In 2014, the last full fiscal year, the federal government spent 20.3 percent of GDP. READ MORE