If you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government.You have to make, mine, or grow things in order to create wealth. People in this country have lost sight of that fact. The US is slowly but surely fading from its former glory. However this is the way events have transpired throughout history. In the meantime Asia is emerging and massive amounts of wealth are being created. With the advent of the Internet every reader of this blog can take part in this growth. Failure to understand what is happening will not protect one from the reality of the situation.
It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. Nearly half of the $2.2 trillion cost of state and local governments is the $1 trillion-a-year tab for pay and benefits of state and local employees. Is it any wonder that so many states and cities cannot pay their bills?
Every state in America today except for two—Indiana and Wisconsin—has more government workers on the payroll than people manufacturing industrial goods.
Sunday, April 3, 2011
Moochers and parasites are killing the host
Another reason why the US is in decline, too many people riding in the wagon instead of pulling it: