Monday, November 21, 2011

Private Property And Personal Freedom

"The growing size of government debt should be of real concern to every creditor and especially to every taxpayer with any interest whatsoever in private property and personal freedom."

Dr. Paul L. Poirot (1915-2006)

That was said before the recent, most crushing debt in U.S. history. More debt than was accumulated during our country's entire history, combined. For the economy to grow out of this recent debt alone, it is calculated that it would have to grow 12% per year for 57 years. That won't happen. Since we know that no country can tax itself out of deficits and debt, how will it happen? There is a simple answer to that question. It won't.

But Dr. Poirot's relating the debt to private property and personal freedom is something that would MOST UNFORTUNATELY be understood by very few.

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