What is the only business in the world where the employees get paid more than the employer?
ANSWER: The Government
There’s a reason why President Donald Trump is anti-big government and why he has already slashed regulations, saving us over $220 BILLION in just the first week alone.
Problem is, the government really is in a difficult position.
Within the last century, government employees (meaning we pay their way and afford them the jobs) have slowly evolved into a breed so unlike those that were originally conceived by the Founding Fathers as to be nearly unrecognizable.
The result is a bloated government that keeps seeing the national debt grow and grow and GROW. And Obama only made things much, much worse.
The problem is, today’s civil servants exist in an entitlement frame of mind. They merely serve us because our illustrious government says they may; a far cry from the government serving us because we allowed them to do so.
The leadership of the government has have graduated into a school of thought that they are in fact smarter than the people who employ them and, therefore, are the only ones who can make the really difficult decisions, whether or not the people wish it. Think Obamacare!
In so doing, the government legislators over the past 60 years have ballooned the national debt to numbers that were considered 60 years ago to be unattainable. Yet here we are in 2017 with nearly 22 trillion dollars in debt.
“Just like Apple or Exxon, the government’s annual report contains several important financial statements and detailed commentary about their finances and operations.
But unlike Apple, Exxon, the government can’t manage to turn a profit. Ever.
According to this year’s report, the government’s net loss ‘more than doubled, increasing $533.2 billion (103.7%) during [Fiscal Year] 2016 to $1.0 trillion.’
It’s extraordinary that they lost $533 billion in 2015, let alone a full trillion in 2016.
Bear in mind, there was no major wars, recessions, or crises to fight.”
It is certainly true that this $1T loss last year had nothing to do with extraordinary circumstances. In fact, it had everything to do with employees.
The US government, as of June 2016, had as many employees…get this…as all of the Fortune 500 companies COMBINED! A whopping 22 Million employees!
And just for a little perspective…this number doesn’t include the military personnel, CIA, NSA, the National Imagery & Mapping Agency, and the Defense Intelligence Agency.
According the US Bureau of Labor Statistics (by the way, this bureau alone employs 2.5K people!), this number has been steadily rising for nearly 100 years…and there appears to be no end in sight.
“The sad reality is that it now costs the government so much to run itself, along with paying massive interest on the debt and supporting all of its entitlement obligations, that they lose $1 trillion even in a ‘normal’ year.
That’s worse than 2015’s NEGATIVE $18.2 trillion, which was worse than 2014’s NEGATIVE $17.7 trillion, which was worse than 2013’s NEGATIVE $16.9 trillion.
The US federal government is insolvent, plain and simple.
This isn’t some wild conspiracy theory. It is a statement of fact based on publicly available data published by the US government itself.
When nations go broke, there are consequences. Simple.
This isn’t some earth-shattering concept. It’s common sense.”
With Trump in the White House, common sense spending and paying for programs before they are implemented will begin to play out.
At least we don’t have a leader who’s insane enough to think a $1 trillion COIN is going to magically erase this monumental problem.
However, it won’t be long before outside pressures will begin to build on our Congressional members and many of them will cave on their ethics, choosing to help a crony lobbyist instead.
We’ll have to wait and see if Trump can put a dent into this broken, wasteful, and completely disrespectful government. When they disrespect the People, it is time to CLEAN HOUSE!
Source: Zero Hedge