Does either party have any plan to cut federal spending from today’s near 28 percent of GDP to the more traditional 21 percent?
George W. Bush didn’t even try, and Obama is making that Great Society Republican president look like Ron Paul.
When a democracy reaches a point where the politicians cannot say no to the people, and both parties are competing for votes by promising even more spending or even lower taxes, or both, the experiment is about over.
“Remember,” said John Adams, “democracy never lasts long. It soon wastes, exhausts and murders itself. There never was a democracy yet that did not commit suicide.”
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