John Rubino: All (Political) Roads Lead To Massively Higher Government Spending

The past few years have seen more than the usual amount of political upheaval. But, interestingly, most regime changes have resulted in pretty much the same thing: Higher government spending and bigger deficits.

Apparently the only "reforms" today's voters will accept - which is to say the only actions that don't get a leader kicked out of office - involve spending rather than saving money.

Three recent examples:

The USRepublicans - the party of smaller government - gained control of the White House and Congress in 2016, and proceeded to take a meat ax to bloated entitlements, lowering the government's share of the economy to levels not seen since the Reagan years.

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John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.