The Definition of Ludicrous

http://online.wsj.com/article/SB10001424052748704050204576219073867182108.html

The word for the day is:  Ludicrous

ludicrous |ˈloōdəkrəs|
adjective
so foolish, unreasonable, or out of place as to be amusing; ridiculous

This is why the idea of raising taxes is ludicrous:

"Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government.


"It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. Nearly half of the $2.2 trillion cost of state and local governments is the $1 trillion-a-year tab for pay and benefits of state and local employees. Is it any wonder that so many states and cities cannot pay their bills?"

Gee, I wonder why we're running a deficit??  $3.8 trillion for the federal government and $2.2 trillion for state government, that's $6 trillion of the US entire $14 trillion annual GDP, or about 10% of the GDP of the entire world!  10% of the world's $60 trillion economy is the US federal and state government!  HAHAHA

To blame corporations and want to raise taxes on them at this point is to not understand the elements of a healthy economy, unless you think that government being larger than construction, farming, fishing, forestry, manufacturing, mining, and utilities COMBINED is the correct formula. 

The only thing about this article is there are no links or proof of the actual numbers, but in this case I will take the word of the senior economics writer of the Wall Street Journal's editorial page.  I really hope he hasn't written any conspiracy books.  HAHA