Editor's Note: The brief excerpt and chart below are from today's Morning Newsletter which was written by Hedgeye Director of Research Daryl Jones. Click here for more information on how you can subscribe.
Certainly, a lot of politicians and political candidates pay lip service to reducing the size of the government, while few actually follow through. If there were ever a time for follow through it is 2016, a year in which the federal government’s spending will be over $4.0 trillion and government debt will accumulate to $23.5 trillion. Undoubtedly one point that all of us can agree on is that governments are the most ineffective allocators of capital.