The majority always votes for the candidates who promise the most benefits from the public treasury
Does the bailout spree signal the end of democracy?
Christian Science Monitor
by Randy Salzman
12/22/08
‘A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.’ … In the past few months, Uncle Sam has bailed out Wall Street, Fannie Mae and Freddie Mac, home-owners, banks, and US automakers, while the incoming administration promises a massive infrastructure investment. Is it any surprise that cities, counties, and states are jostling for space at the federal trough? Who’s next? Big Media? Big Sports? Agribusiness?
http://www.csmonitor.com/2008/1222/p09s02-coop.html
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=treasury
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=Fannie+Mae
http://freepage.twoday.net/search?q=Freddie+Mac
http://freepage.twoday.net/search?q=automaker
http://freepage.twoday.net/search?q=Randy+Salzman
Christian Science Monitor
by Randy Salzman
12/22/08
‘A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.’ … In the past few months, Uncle Sam has bailed out Wall Street, Fannie Mae and Freddie Mac, home-owners, banks, and US automakers, while the incoming administration promises a massive infrastructure investment. Is it any surprise that cities, counties, and states are jostling for space at the federal trough? Who’s next? Big Media? Big Sports? Agribusiness?
http://www.csmonitor.com/2008/1222/p09s02-coop.html
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=treasury
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=Fannie+Mae
http://freepage.twoday.net/search?q=Freddie+Mac
http://freepage.twoday.net/search?q=automaker
http://freepage.twoday.net/search?q=Randy+Salzman
rudkla - 22. Dez, 09:15
