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By Donald Lambro
Growth spikes are little more than trend-free anomalies
Independent voices from the The Washington Times Communities
Topic - Mercatus Institute
When Uncle Sam knocks at the door saying he's here to help, watch out. He has hired an army of bureaucrats to devise thick stacks of papers and studies that claim federal intervention is just what the marketplace needs. As a Mercatus Institute study released Tuesday argues, that's not the case.
There has been much discussion about whether the Democrats or Republicans gain a political advantage from the debt-ceiling-increase mess. An equally interesting and, perhaps, more important question is who has a vested interest in this financial chaos. First, a few facts: c It is estimated that between Aug. 3 and 31, the U.S. government will receive revenues of approximately $172 billion and have expenses of $307 billion, leaving a deficit for those days of about $135 billion. The revenues will be sufficient to pay Social Security and interest on the debt, but not many of the other obligations.