The Daily Blog
    08.03.15
    Quick Read:

    "The federal government borrowed $7.8 trillion over the course of the past seven years and handed most of the proceeds out in the form of various transfer payments (which now make up over 73% of federal spending),” wrote Scott Grannis. During this period, the federal government restructured the health care industry to lower costs; rewrote the rules for the entire financial industry to provide greater consumer protections; and increased taxes to “more fairly" distribute the fruits of progress. “But it didn't work," wrote Grannis. "…[W]e have the weakest recovery in history."

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