WSJ.com Economic Forecasting Survey: Most Economists Urge Action on Jobs - WSJ.com

WSJ.com Economic Forecasting Survey: Most Economists Urge Action on Jobs - WSJ.com

Let's see? Past history shows that when government spends more than about 19% of GDP, the economy doesn't do too well.

Now we have 25% and with healthcare, climate bills, etc. - the cost to the economy will be even higher.

So what does 25% mean vs 19%?

To start, lets say you want to start a business: so at 19% you'd have more money left in your pocket after taxes. (And, with Obamanomics, that increase in money to the Feds will be coming out of business peoples pocket).

Next, one might ask what the extra Federal money is being used for? Well, state and federal workers now are getting better retirement checks and bigger retirement benefits, etc. So - the economy isn't producing more (in fact less), but these favored members of society are going to be getting more. So, someone has to be getting less!

And, you guessed it - that means you as the employer and your employees (since they are in the private sector).

Now, as part of interest rates - for the money you borrow - you already know the answer. The government has first dibs on money - so, if you can get any, your interest rate will be higher, etc.

Now, based on just the above - excluding more facts and details - is there any question as to what should be done to stimulate the private sector? (Can we start with less government, less transfer payments, more get what you earn, etc.)!