Wednesday, February 17, 2016

Government Spending Assurances

                
Example: Two political sides attempt to negotiate a budget deficit. The question is to cut spending and size of the budget. When one side says it will severely cut spending a few years in the future but in the meantime takes current funds from taxes or keeps on spending, you just know that one of the two bargainers has just gotten ripped off.
                       
Why? No politician has ever followed through on promises made years earlier to cut budgets. So all negotiated deals of this kind have always been decided in favor of the big government spenders and taxers. (See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)

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