States Continue to Hire While Pension Funds Go Broke

As Armstrong has written, the greater the size of government, the lower the production of national wealth. As the government grows in size and scope, it must increasingly rely on statistical tricks to match national income levels produce from the once dominate private sector. Communism, Socialism, and Fascism have all taught us this lesson, but a lesson ignored is history destined to repeat.<br /><br /><blockquote>“Politicians have talked a lot about layoffs during this recession,” writes Bloomberg columnist Joe Mysak.<br /><br />“In most cases, that talk is an empty threat. Nobody wants to fire teachers, or firemen, or policemen, in the name of efficiency or good government.”</blockquote><br />Source: <a href=”http://www.moneynews.com/StreetTalk/States-Hire-Pension-Funds/2010/06/21/id/362545″>http://www.moneynews.com/StreetTalk/States-Hire-Pension-Funds/2010/06/21/id/362545</a><div class=”blogger-post-footer”><img width=’1′ height=’1′ src=’https://blogger.googleusercontent.com/tracker/8157642664105941702-4235142667765048512?l=edegrootinsights.blogspot.com’ alt=” /></div><img src=”http://feeds.feedburner.com/~r/EricDeGrootsInsights/~4/oI1cRvLVLJ0″ height=”1″ width=”1″/>

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