Tuesday, October 12, 2010

The "pay as you go" approach

American Scofflaw

History has shown that economic stability comes from a "pay as you go" approach, but candidates get elected by promising to spend money they do not have to buy goodies for their supporters and dump the bill on a future generation that is larger, more productive, and can afford the payments.

And for almost 100 years the scam worked. But now we have reached a time when the next generation is smaller, the nation far less productive, the system floated along with printing-press notes, and nobody has real wealth to pay the accumulated bills.

The system is crashing, but nobody wants to be the one to have to stand in front of the TV cameras and admit the US Government has screwed the entire nation.

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