Politics for Pros- moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Big Black Swan who wrote (491354)	6/18/2012 8:19:43 AM
From: skinowski	1 Recommendation Read Replies (1) of 793911

>>>> Once a spending program gets launched it developed a constituency of supporters who will do anything to keep the cash flowing. They lobby, bribe, spread propaganda - whatever it takes to keep the program alive. The majority gets bought off <<<< The last statement is where the problem seems to reside. Buying off the majority is very expensive. There is a vicious cycle at work - Congressmen keep making deals, and those deals run up big tabs. If you agree to vote for my (barely needed) medical center, then I'll vote for your bridge, or railroad to no particular place. By the time all special constituencies are pleased, the printers end up humming full speed. Today, in the age of computers, it appears possible to hide more debt more effectively - in a variety of bonds, swaps, derivatives, etc. So, we can enjoy borrowed prosperity a little longer. But the end will be the same.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next