Lawrence Summers: The reality of trying to shrink government - The Washington Post With the selection of Paul Ryan as the Republican vice presidential candidate, it is clear that the central issue in the presidential election will be the scale and scope of government involvement in the economy. There is disagreement over what constituted normal levels of spending in the past and, indeed, over what constitutes spending. But there is a widespread view in both parties that it is feasible and desirable that in the future the federal government should be no larger as a share of the overall economy than it has been historically. Unfortunately, this is unlikely to be achieved. For structural reasons, even preserving the amount of government functions that predated the financial crisis will require substantial increases in the share of the U.S. economy devoted to the public sector. ********************** While the WashPo is toilet paper, Larry Summers has always been a decent writer. What will follow will be his three reasons.....I'll post them later unless someone wants to drag them in. What he says is that you better get used to the idea of more taxes or less service from the government. Well, no duh. But why are we not hearing this from our friends on the campaign trail. Summers wraps ups his argument by saying Government will need an additional 3% of GDP. 3 freaking % !!!! The left will not only be soaking the rich, they'll be throwing granny off the cliff....to save her. Good luck you guys.