The Era of Small Government is Over

[wildchild]

I really love how the small government people are pushing a big government guy like Trump. Simply amazing.

The Republicans are working on blowing what should be a slam dunk election.

 

[maxpi]

I have voted for smaller government for a lifetime. It never gets smaller. Republicans job is to pretend to not like what Democrats do and try to fix it up after the Democrats trample us.

 

[wildchild]

I have voted for smaller government for a lifetime. It never gets smaller. Republicans job is to pretend to not like what Democrats do and try to fix it up after the Democrats trample us.

And Donald Trump is running on Democrat ideas so if he gets the nomination, its over.

 

[ETcallhome]

The republicans exist for one reason and one reason only, and that is to keep taxes low. Let the democrats fight over the crumbs.

 

[jem]

I am not sure what trump is running on, other than sealing the borders and making things better.

We have been lied to by just about every republican on just about every issue for so long, all the voters need is for a candidate to say one thing and do it.

That would be a start for republican voters.
Trump must realize that.

And Donald Trump is running on Democrat ideas so if he gets the nomination, its over.

 

[OddTrader]

" The Era of Small Government is Over "

Just 2 cents:

Yes, basically correct!

Theoretically, the GOP too! For the same reason, following a similar modelling! I'm afraid!

http://www.documents.dgs.ca.gov/sam/SamPrint/new/sam_master/rev427sept14/chap7000/7130.pdf


SAM
—
INTRODUCTION TO UNIFORM SYSTEM OF ACCOUNTING
Rev. 371

MARCH 2000

DISTINCTIVE FEATURES OF GOVERNMENTAL ACCOUNTING
7130
(Revised 5/85)

Although the basic principles of accounting apply in government as in commerce,
certain features of governmental accounting make its pattern quite different from that of
the typical set of commercial accounts. The underlying differences should be
understood to avoid confusion that sometimes results in attempting to apply, with little or
no modification, conventional commercial accounts to a governmental unit.

The distinctive features of governmental accounting are the reflection of the essential
difference in the method of financing governmental operations as contrasted with
business undertakings.

Private business must obtain its capital from voluntary investments made with the hope
of deriving an increment. Private business, then, to survive must realize a profit over
and above the cost of the commodities or services it sells in order to preserve its capital
and to return a profit to its proprietors or shareholders. Accordingly, commercial
accounts are focused upon "net profit" — the amount gained over costs, the difference
between income and expenses — and "net worth" — the current value of the invested
capital, the difference between assets and liabilities.

Government furnishes services to all directly or indirectly and levies taxes or provides
other revenue measures to meet the cost of those services. Governmental accounting
usually has no "net profit" to report. Particular sources of revenue generally have no
direct relation to particular items of expenditures. An excess of revenues over
expenditures is not "net profit" and is not necessarily an indication of good financial
policy in the government unit. Capital invested in government by its citizen-proprietors
(represented by such capital assets as land, buildings, highways, and equipment) is
investment in future public services. "Net worth," if that term can be employed, of a
governmental unit has an entirely different significance from "net worth" of a commercial
enterprise.

Another difference is the necessity that the governmental unit account its authorizations
to incur expenditures. It is a long established principle of free government that public
moneys be expended only as authorized by the legislative body. Hence, the
governmental unit must maintain budgetary accounts in which are reflected the
authorization for expenditures. While large commercial organizations are coming more
and more to establish budget procedures somewhat similar to those employed by
government, the budget and the accounts essential to its operation are still largely a
distinctive feature of governmental accounting.

Still another peculiar characteristic of governmental accounting is the employment of
separate funds. A business enterprise, even the largest and most extensive, usually is
engaged in activities closely interrelated with the ultimate objective of profit in one
particular field. The governmental unit, on the other hand, is engaged in an
ever-growing number of operations and activities which are quite unrelated to each other.
Particular sources of revenue or income often are dedicated to use for a particular
phase of the government's operations. The accounts must segregate these specially
dedicated resources and isolate them from all other transactions in a separate "fund."
While a business concern can maintain a single set of accounts for all of its
transactions, a governmental agency must maintain a number of independent sets of
accounts, one for each "fund."

 

[Max E.]

Theoretically, the GOP too! For the same reason, following a similar modelling! I'm afraid!

Not much to be afraid of, the GOP establishment have spent like drunken sailors, which is why noone will vote for them anymore, the worst case scenario is that we just get more of the same.

 

[OddTrader]

Not much to be afraid of, the GOP establishment have spent like drunken sailors, which is why noone will vote for them anymore, the worst case scenario is that we just get more of the same.

imo, the GOP-Now needs to reoriented becoming a New-GOP!

Trump would not be the right solution that the existing GOP-Now requires in the long run, strategically.

Referring to the PDF article about government accounting, strategically there should be one party is required to build infrastructure-assets (hence employments), whereas the other party is required to sell off (privatisation!) the previously built infrastructure-assets (hence reducing debts).

When currently the interest rate reaches historical lowest, not to borrow and not to spend a great deal of money for building productivity-enhancing infrastructure-assets would be the worse public policy at all!

Missing the current train (of low interest rate) could be a very bad idea (various kinds of opportunity cost), if not considered as significant!

Costing/losing perhaps a 20-30 years economic cycle!

Just 2 cents!