A grandpa’s take on economic trends

Ever seen the Grandfather Economic Report? You should. There, grandpa economist Mark Hodges examines streams of economic data highlighting “threats to the economic future & freedom of families and their children.” One of my favorite sections, and the most disturbing, is his page on the growth of state and local government and its impact. He shows how state and local government is growing “2-3 times faster than the general economy, now spending $5,155 per man, woman and child, or 17% of the total economy and with an excess of 11.9 million government employees a new record high last year because the number of employees continues to increase faster than the national population.”