Sunday, December 15

Sacrificing the future for votes--"You ain't seen nothin' yet"

In his book The Great Degeneration: How Institutions Decay and Economies Die, Niall Ferguson notes that huge national indebtedness represents an enormous transfer of wealth from the young and those not yet born to current recipients of government payments.

The future of the United States is gravely threatened by the government’s inability to control public spending. Like a person with a credit card, the government is going deeper and deeper into debt as politicians sacrifice the future to buy votes today.

Since the unborn obviously can't vote, the only protection against vote-buying pols has been the Constitution.  But tragically, politicians discovered some years ago that they could violate that document at will, and no one would kill them or imprison them.  At which point no protection remained to prevent politicians from stealing from future generations with impunity.

You'd think humans--particularly those with children--would feel at least a small degree of responsibility for the future, and would thus act to restrain the behavior of their leaders.  Unfortunately 47% of the population has been mis-educated to have no concept of compound interest, or budgets, or responsibility.

Politicians have been stealing money from your children for years--and no one seems to have the power to stop them.  They sneer at your protests, and long since stopped heeding the Constitution.  The system so carefully crafted by the Founding Fathers, designed to limit the power of the government, has been subverted by cunning politicians seeking to buy their way to re-election.

And why must this be? The answer is given at every election by our leading politicians. "Social justice" requires solutions now--and supposedly just government-mandated solutions--regardless of the future cost; for everyone must have healthcare, and housing, and a flat-screen TV.  If they can't afford any of these, politicians are perfectly happy to force taxpayers to provide them.

If taxpayers can't cover the cost--which they can't, of course--our pols simply take the money from future Americans.

Quite a "solution," eh?

You know it.  You're living it.  And you ain't seen nothin' yet.

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