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To: HKMk23

Unfortunetly, the issue debt (pay it later) and spenders aren't much better. Either way, spending outside the means (whether by taxing now or taxing plus interest later) is a bad idea.


86 posted on 08/05/2005 1:45:20 PM PDT by jb6 ( Free Haghai Sophia! Crusade!)
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To: jb6

FWIW, I define the assinine strategy of "issue debt and pay it later" as a tax, since the payments will inevitably be made using tax revenue whether actual tax rates are increased because of that or not.

Unfortunately, an aspect of this tax-and-spend model that is lost on many is that individuals are doing this to themselves daily with increasingly ruinous results by abusing credit. That is the most direct method of "issue debt and pay it later" known and, as the behavior is epidemic among individuals, why are we at all amazed that it is becoming epidemic among governments?

The whole of every State and Federal legislature is made up of individuals drawn from the ranks of the private sector. Since these ranks are infected with abysmal fiscal habits, those bad habits cannot be kept out of government unless a fiscally irresponsible public is astute enough to elect to office men and women NOT like themselves. But men do not elect men unlike themselves; this would defy human nature, which is such that we prefer those who are more like us.

A solution cannot be effected, here, unless we can somehow bar fiscally irresponsible people from the voting booth.


111 posted on 08/05/2005 2:02:49 PM PDT by HKMk23 (GoT tHis sweLl tajlYne oN eBay qith chngE I fond in meye soFa)
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