#7, you make a good point that SOME parts of government spending does have spin offs like GPS or many from NASA’s activities, however, that does not change the effects of how government funds itself and to what end such money is spent. It’s called EFFICACY. The military is a uniquely government function, like the police, firefighter, etc. Our objection is NOT saying ALL government funding or activities are illegitimate and therefore a taking of resources from the private sector.
However, much of what is done, specifically the bailouts and their underlying cause is outright wasteful and harmful. E.g. The CRA. Were it not for the Congress meddling in the housing market legislating that Fannie Mae, Freddic Mac and Banks make unsound loans, this current financial meltdown would not exist, period. On top of this was ACORN, represented by none other than Barack Obama sueing Banks over “redlining” forcing banks to make unsound loans in the name of equality. The bottom line is every dollar the government spends to mitigate the disaster they caused only makes the situation WORSE as they are bleeding the private sector dry of capital needed to invest in plant and equipment.
Another good example of government costing the economy with PC agendas like the domestic drilling ban, because of this foolishness close to $200 billion was siphoned out of the US domestic economy in 2008 because Congress in their seemly infinite stupidity outsourced our crude oil and natural gas supplies. Unless you count driving the economy into recession as a valid means of energy reduction this policy DID NOT SAVE ONE DROP OF OIL or prevent CO2 emissions.
The bottom line is EVERY Dollar the government wastes, and that’s most of it, is a diversion from wealth and job creation. Employing millions of bureaucrats is a colossal waste of talent, time and money. Imagine all the great ideas that have squandered because you perfered bureaucracy over individual effort and creativity!
