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)