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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (88216)	10/30/2007 4:35:57 PM
From: benwood	Read Replies (2) \| Respond to of 110194

I think I read that quote a few weeks ago -- very apropos. I think the sample size involved is too small to know if there will ever be a culture that "wises up" in time and rights the ship. Doesn't look good though with the current generation of super-entitlement-minded thinkers. If we ever start hearing of local revolt vis-a-vis the pork handed to them (e.g. those citizens in Alaska who approved of construction the bridge to nowhere because a) it was in their backyard and b) they wouldn't be paying for it, so why the heck not?) then perhaps there will be a social change in progress. But the system appears to be a positive feedback loop where those that promise the most get the most votes, and since it's done on a local level (e.g. state by state), everybody thinks they have to fight for their share because there isn't enough to go around. So my state getting 2.25% of the Federal pork pie instead of 2.00% isn't a big deal because that excess can be borne easily by the other 49 states. Or so they all believe and so how they all behave.