Monday, March 22, 2010

Crowding Out the Makers of Prosperity

The news that 52% of the country’s spending is now done by the public sector is a milestone on the road to economic stagnation. When the Conservatives left office in 1997 the figure stood at 40%.
Have you noticed any public services that are 30% better than in 1997?
Where did the money all go?
And how long can the diminished profits taken as tax from the private sector continue to prop up this engorged government?

1 comment:

  1. I reckon we'll see that there's been an orgy of job-creation in the public sector merely to make it very difficult for the next government to make jobs without trimming off a lot of jobs.