Wednesday, January 6, 2010

At Last! Mystery Solved



Wow, Perhaps this chart explains precisely why we are in such historic economic decline. As goods producing jobs have declined, and government jobs which produce absolutely nothing of  tangible value increased and overtake goods producing jobs, where is the wealth to come from?


Indeed, Indeed, Indeed, our nation is in deep long term trouble unless this trend is reversed. Dramatically and soon!


Via: Memeorandum
Via: Clusterstock

10 comments:

  1. he chuckles, was just about to come over here and inform you of this very same chart. it ties in with your previous post on the economy.

    it illustrates the number of employees that are consumers of taxes but are not payer of taxes too.

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  2. just for comparison figures the population in 1940 was around 150.6 million comparitive to around 300 million today.

    so, while the population only doubled in size the number of government employes grew 5 times during this period.

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  3. RN,
    Great chart. Emphasizes the need to get Americans back to work producing tradable goods.
    Tax breaks to industries keeping work here,tax penalties for offshored jobs.
    There must be some way to end the emphasis on financialization and focus on manufacturing and trade.

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  4. Government is a necessary evil, but it doesn't contribute any productive economic activity. Too many liberals just can't grasp that...

    How many hundreds of thousands more will the health care behemoth require?

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  5. Griper - Excellent point of comparison. Thanks for putting that out!

    Oso - Indeed there must be. You have pointed out a couple. The biggest problem I see is the cost associated with rebuilding the manufacturing base infrastructure.

    Silverfiddle - Agreed,it is a necessary evil. Our founding fathers recognized this, thus the system of checks and balances.

    It is now time we check and balance, and take back our government from the hands of the current statists on both sides of the aisle.

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  6. Government is as much as anything a gigantic social program. Start making real cuts in defense spending and watch the Nation go berserk.

    Go ahead and cut Medicare. Good luck. Stop federal funding to local school districts. Good luck. I could go on forever RN. But I think even Griper would agree that there are damn few in this Country that wouldn't raise hell if a program that benefitted them were reduced in any way. Think about that the next time you're at the DMV and waiting in line for an hour.

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  7. TRUTH - Don't visit DMV, do it online because the government is so damn inefficient in their offices. Much quicker and less stressful on line. :-)

    Government in The United States was never intended to be a giant social experiment. It was intended to provide a limited structure of laws that would govern people from an ethical and principled basis.

    Defense spending should be limited to insuring we are able to protect the citizens from an act of aggression, not support the Military Industrial Complex that Eisenhower correctly saw and spoke to.

    Obviously just cutting Medicare would cause an uproar. However as responsible, and hopefully rational people, we will figure out a way to stop extending and extending, and extending until we are bankrupt totally as a nation.

    Perhaps as we continue to pork roll the favorite flavor of the day , and it eventually catches up to us when it is to late, we can all eat gruel, or pork and beans while drinking somebodies homemade lousy wine.

    This is a problem, and if we continue to ignore the root cause of the problem(s) my thought is we won't be to far removed from the illustration.

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  8. Great Chart. I could sure tell on the freeway that because we got a little snow, and the road was 80% less congested, that there are a Lot of government workers.

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  9. Somewhere the former Soviet Union is laughing.

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  10. Ya Think They figured it out finally, we on the other hand seem to be moving to where they were.

    Thanks for the read and comment.

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