And This Is Why The Fat Lady May Have Already Sung

I am a huge fan of Glenn Beck, and a huge believer in fighting the good fight, and I will be there in Washington in August to protest by his side.  But the below chart from Clusterstock shows us why we may have already passed the point of no return with America.  We now have more government bureaucrats shuffling paper than we do wealth and goods creators in this country.  This is again why Texas independence MUST be a viable option.  

CHART OF THE DAY: How The Government Payroll Replaced Goods-Producing Jobs

In the just-so story of the evolution of our economy, our old manufacturing based economy has been replaced by an innovative knowledge economy.  That’s not quite true.  In fact, the decline of the jobs in goods producing sectors of the economy–construction, manufacturing, mining and agriculture–has largely been met with an increase in jobs on the government payroll.  We’ve gone from providing jobs in profit-making private industry to providing jobs in profit-eating government work.  Toward the end of 2007, the total number of government jobs exceeded the total number of goods producing jobs.  Welcome to the government payroll economy.

chart of the day, goods-producing workers vs. government payroll


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