Most of the readers of this blog already know the answer to the question. The real question is, will the less than three minutes it takes to watch this excellent video convince any of your left leaning friends (who think that taxing the "rich" more can solve the problem) that the country has a spending problem? The only way to get the answer to that question is to circulate this video widely.
As usual, hat tip to Dan Mitchell for posting the video on his terrific blog - International Liberty - where you can read more about this subject. (And just about anything else worth knowing about the country's fiscal woes.)
Note- The professor in this video, Anthony Davies, is no relation to the author of these comments, but he seems almost as clever.
Editor's note: The video on the side bar concerning how much tax it takes to support the spending has been there for many months. It stays there because the goofy ideas it refutes are still being passed around. If you haven't watched it, you should. If you have, you should do so again. And no matter what, you should circulate it as widely as possible.