The private sector is what creates an economy, not the government. All wealth comes from the private sector. Government consumes it.
"The only thing that is expanding in debt - is government debt. This is a very dangerous situation, the larger government grows compared to the GDP the more frictional jobs there are in an economy that don't produce goods and services that you and I buy. That basically extinguishes economic energy, it brings about LESS prosperity, not more."
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