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Congress’s War On Reality: Extend And Pretend–Is Destroying Us (video and picture)
Over the past 80 years or so governments have been expected to provide more and more social services. That means bigger and bigger bills for the taxpayers of this generation and generations unborn. Since governments almost constantly run in the red, they often resemble cocaine addicts desperately looking for the next fix. The fix, in the case of governments, is the perpetual need for more money, no matter how much wealth the engine of a strong economy may be generating.
One of the delusions of any democratic government is the “other guy will pay” syndrome. Usually, in mature welfare state democracies lawmakers look toward election cycles and understand that there is never enough money to back their promises. So they pass the bill problems to the future by money printing and issuing bonds that won’t come due until after their elections have been won.
However, in most democracies, to quote former pro football coach George Allen, “the future is now.” Tens of millions of people in the United States, Europe, and Japan are retiring now after a lifetime of paying taxes into flawed government retirement funds. Democracies are facing problems keeping all the promises of former pols, most of whom now enjoy fat government pensions while the taxpayers struggle to pay the bills they left behind. So paying the bills is a perpetual problem for pols facing the next election. MOREHERE
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