Tuesday, November 18, 2008
It's Priceless -- Thomas Sowell
Politicians have been the same since the beginning of time.
Why haven't we learned?...
Why haven't we learned?...
Thomas Sowell explains some truisms at GOPUSA.com:
"Politicians have more ways of escaping from prices than Houdini had ways of escaping from locks. When savvy pols want to hand out goodies, but don't want to take responsibility for raising taxes to pay for them, they can tax people who can't vote-- namely the next generation-- by getting the money by selling government bonds that future taxpayers will have to redeem.
Even such deficit spending leaves a record, however-- a national debt that is the ghost of Christmas past. But politicians can even get around that.
The most politically painless way to hand out goodies, without taking responsibility for their costs, is to pass a law saying that somebody else must provide those goodies at their expense, while the politicians take credit for generosity and compassion."
