If you aren’t paying for the spending, why worry about the consequences?
Politicians are already in the habit of promising more than the government can reasonably deliver—that’s how we got into this financial hole that we are in already. What will happen when almost half of all “taxpayers” are able to make the other half pay for the benefits they vote for themselves?
Nothing good, I assure you. The burden of the benefits government has already promised is threatening our economic health already. Imagine what will happen once a newly liberated Democratic Congress starts focusing on universal health care.
Politicians have always been in the business of promising a free lunch to their voters, and to many voters it may seem that they are getting one. But eventually all of us will have to pay the price for ever-expanding government as the bills eventually come due.
As depressing as the recent economic news has been it’s nothing compared to the future challenges our country faces unless we get our fiscal house in order.
David Strom is the President of the Minnesota Free Market Institute. He hosts a weekly radio show on AM-1280 "The Patriot" in Minneapolis-St. Paul, available on podcast at Townhall.com.
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