Notice how many FReepers complain when it's they who're laid off or they who suffer when the stock market plunges?
That's human nature.
If too many people suffer hard times the government falls, or the society collapses. It doesn't matter the form of government or the ideology.
People get very upset when the lose their jobs and homes...and they lash out.
And finally, don't make it personal. My property values are not in danger. :)
As it should. One might infer that ex-Gov Davis lost his job because of this very mechanism. Given that we agree on the mechanism, I suspect we differ on how to manage the mechanism.
I would argue that government should be exposed and accountable for its bad decisions and bad management (even bad luck.) A government should NOT be able to use it's power as a weapon to protect its incumbancy at the expense of the general public.
I infer from your posts that you'd prefer to PROTECT incumbancy by insulating the government from bad decisions, bad management, or just plain bad luck.
And finally, don't make it personal. My property values are not in danger. :)
Nothing personal intended ... You brought the subject of property value into the discussion, not me. You used it as yet more fuel to throw into the fire of the terrible hardship of cutting government spending. I'm calling that subject a red herring.