Tuesday, May 24, 2016
On the Fact that People Will Always Vote for Benefits in Which the Day of Reckoning for Their Payment Is Decades Down the Road and/or Subsequent to Their Death
This is why pure democracy inevitably leads to civilizations dying and why we need to keep majorities in check. It's what the Founding Fathers recognized and something that we seriously need to get back to (the fact that we're currently looking at over $200,000,000,000,000 in unfunded liabilities and have idiotic politicians like Nancy Pelosi muttering that their plan for Medicare is "Medicare", etc. - http://www.realclearpolicy.com/blog/2012/12/01/economist_laurence_kotlikoff_us_222_trillion_in_debt_363.html ).