Everywhere liberals get control of government fiscal policy over a period of time, they bankrupt it. It never fails, we could run through the list but that's been done before, and there is another thread on state finances.
There are fundamental reasons for this, primary among them is liberal economic 'fairness' is really about envy, hate, and greed and not about maximal material prosperity for the most people.
Economic laws that govern this failed dynamic:
1. There will never be enough other people's money to make a liberal feel that life is fair.
Corallary: Rich liberals really don't like paying a lot of taxes, they want the other guy to pay
2. Government will never eliminate human suffering or want
Corallary: Entitlements are never shackled to economic reality for that would be 'unfair' and a union mentality takes over
3. Incentives do in fact matter, producers have a breaking point
4. In spite of that, liberals will never abandon their religion since it feeds their sense of security.
This cycle will repeat as long as people exist. Next step- some form of tyranny. Freedom is on its way out. Nice try founding fathers, you were right about the weakness of democracy.
Canada and sweden had to let the conservative grown-ups take over and rescue them in the early 90's. For multiple reasons that will not happen in the USA or most of the rest of Europe. Demographics alone will kill us.
Federal + State + Local spending now equals 39% GDP. That's Sweden like, and that fact is hidden by the enormous state and local public sector.
Pensions+ Health Care + Welfare = 18% GDP
http://www.usgovernmentspending.com/year_spending_2013USbn_13bs1n_4080#usgs302
They win..... see you in hell
There are fundamental reasons for this, primary among them is liberal economic 'fairness' is really about envy, hate, and greed and not about maximal material prosperity for the most people.
Economic laws that govern this failed dynamic:
1. There will never be enough other people's money to make a liberal feel that life is fair.
Corallary: Rich liberals really don't like paying a lot of taxes, they want the other guy to pay
2. Government will never eliminate human suffering or want
Corallary: Entitlements are never shackled to economic reality for that would be 'unfair' and a union mentality takes over
3. Incentives do in fact matter, producers have a breaking point
4. In spite of that, liberals will never abandon their religion since it feeds their sense of security.
This cycle will repeat as long as people exist. Next step- some form of tyranny. Freedom is on its way out. Nice try founding fathers, you were right about the weakness of democracy.
Canada and sweden had to let the conservative grown-ups take over and rescue them in the early 90's. For multiple reasons that will not happen in the USA or most of the rest of Europe. Demographics alone will kill us.
Federal + State + Local spending now equals 39% GDP. That's Sweden like, and that fact is hidden by the enormous state and local public sector.
Pensions+ Health Care + Welfare = 18% GDP
http://www.usgovernmentspending.com/year_spending_2013USbn_13bs1n_4080#usgs302
They win..... see you in hell