government spending

is 40% of the nation's income that comes through taxes and is thus no longer available for people to spend.

If the US government spends 40 percent of the nation's income, as it does through either borrowing or taxes, that income is not available for people to spend. The deficit is an indirect method of taxation. Of course, politicians prefer to borrow instead of tax because then someone down the road has to deal with the consequences. Milton Friedman

is a thng that, along with government intrusion into the economy, will provide immediate gain for the many, short-term pain for the few, and long-term gain for all.

Cutting government spending and government intrusion in the economy will almost surely involve immediate gain for the many, short-term pain for the few, and long-term gain for all. Milton Friedman

is currently about 45 percent of national income. By that test, government owns 45 percent of the means of production that produce the national income. The u.S. Is now 45 percent socialist.

Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means of production that produce the national income. The U.S. is now 45 percent socialist. Milton Friedman

is problematic because nobody spends somebody else's money as carefully as he spends his own.

Nobody spends somebody else's money as carefully as he spends his own. Milton Friedman

is the problem, not just the deficit. Spending one trillion dollars with a deficit of a half a trillion is preferable to a government that spends two trillion dollars with no deficit.

It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden from of taxation. The real burden on the public is what government spends (and mandates others to spend). As I have said repeatedly, I would rather have government spend one trillion dollars with a deficit of a half a trillion than have government spend two trillion dollars with no deficit. Milton Friedman

government spending, n.Definitions

government spending