Friday, August 31, 2012

The 20% Solution

How much of the GDP (Gross Domestic Product) should the Federal Government as a percentage of the total productive activity of America be for a functioning economy? Currently, the Federal Government percentage of the GDP is 24-25%. I have read that many economists believe that the proper percentage for a fine tuned functioning economy is 18% of GDP to cover the true Federal Government necessary and truly needed functions. The current problem with the federal government is that it is too bloated by waste, inefficiency, and growth of the federal government mission that exceeds what the tax revenue brings in as people demand more and more "assistance and free stuff" from the federal government even though government expansion is funded by huge trillion dollar deficits that China is asked to fund. The expansion of government influence and control in people's life is even creeping into areas such as what Americans should eat and the dispensation of free contraception. Are these areas that the founding fathers felt are a necessary federal government role?

The Romney/Ryan ticket believes that the federal government percent should be 20% of GDP as a goal to start the process of reducing the soon to be 16 TRILLION federal government deficit.

It is time for the federal government to start to go on a diet and move FORWARD. to a reduced role in the total percentage of the GDP. The Romney/Ryan ticket is on the right track in their efforts to bring the bloated federal government runaway growth under control. Will the American voters wake up to the fact that there needs to be a change in the scope and mission of the federal government or will Americans move FORWARD. over the cliff of fiscal disaster of out of control governmental growth?   Time will tell.