Unbridled Government Spending

I liked this notion from Margaret Thatcher:

The problem with socialism is that eventually you run out of other people’s money. 

And from the Wall Street Journal:

The problem with resisting socialism is that until the money runs out free-spending progressive politics are remarkably seductive. 

In other words, we love to spend what appears as “free” government money–more and more entitlements, bigger and bigger government…basically, we can’t resist the candy in the candy store.

But the problem is that the money eventually runs out and by then we have gone too far and are left eating our own flesh. 

 Why can’t we spend our precious money and scarce resources prudently and also save wisely for a rainy day–why do we have to act like pigs in the poke?

(Source Photo: Andy Blumenthal)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s