"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
The Budget Mess: A Crisis in Legitimacy
Submitted by Jad Davis on Mon, 2011-05-02 00:00
"The regime faces a double crisis. The first is fiscal: Unless it does something, it won’t have the money to maintain the gravy train. The other is a crisis in legitimacy. People are catching on that the borrowing power hides the cost of government, imposing burdens on future generations. If politicians don’t appear to fix things their careers are in jeopardy."
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