Even as Generation Greed politicians in Washington fail to agree whether to charge younger generations higher taxes than they themselves were willing to pay to make up for the debts and benefits they promised themselves, or to force younger generations of Americans to suffer drastic cuts in public services and benefits to make up for their history of voting for politicians promising tax cuts, the damage has started to accumulate. They have decided it is better if younger generations don’t know how much worse off they are, and have started suppressing the evidence, reversing the internet-driven trend of more information becoming easier to get. In the future, you’ll only know what the Executive Class and the Political Class want you to know.
The federal government has published a Statistical Abstract of the United States every year since 1878. The current, 2012 edition will evidently be the last. The Census Bureau is also scaling back information on state and local government finances and employment, in part due to budget cuts, in part because state and local governments are no longer willing to cooperate by sending in the data. Perhaps the political class doesn’t want people to be able to find out how much of their tax payments are going to the retroactive pension enhancements for public employees enacted over the past 20 years. The executive class certainly doesn’t want people to know how much everyone else’s wages are going down, which is why the Republican Party has called for the elimination of the Census Bureau’s American Community Survey. So why can’t the federal government afford to provide information to Americans anymore? What has changed? As I did the last time there was a Presidential election, I expect to answer that question early next year using data on federal revenues and expenditures over time provided in an easily accessible format by the Statistical Abstract of the United States. Perhaps for the last time.