Government does not earn money; Government takes money.
Government creates jobs; jobs in the public sector. Government hires employees for these jobs with no money to pay them, because the Government does not create income so they have to borrow money to pay them. In order to repay the loan they take money from those who create income and if it isn't enough, they print more money.
If public services are needed and requested by the private sector, the money is provided by them with no arm twisting. Public service unions have overblown compensation where it is now not capable for the earners to continue to support them.
Printing new money without backing reduces its value. Obama's worm brains advising him on economics are creating a double-whammy malady where the price of goods costs more and the money you have to buy it with is worth less; soon to become one word, "worthless!"
The above statement is made without benefit of an MBA, or degree in economics from an ivy league institute. It comes from the school of common sense.
George Giftos is a retired travel agency executive, in management for agencies by Fugazy World Travel, U.S. Industries, Carlson Companies.
George is a veteran of the U.S. Air Force.
