In response to:

Guns and Pensions

Kevin 354 Wrote: Feb 19, 2013 9:45 AM
Welshing is when the English run to Whales to avoid paying their debts. Printing more currency is Greenbacking. These are two distinctly different degrees of cowardice and dishonor. The latter directly and negatively affects people not involved in the deal. It is worse than Welshing.
Younger Wrote: Feb 19, 2013 11:52 AM
"Welshing is when the English run to Whales to avoid paying their debts." What kind of Whales? sperm whales?, right whales? Or do they run to Wales?
Marie150 Wrote: Feb 19, 2013 10:10 AM
Devaluing the dollar should receive the death penalty or at least life in prison.
Kevin 354 Wrote: Feb 19, 2013 9:49 AM
It is to put the offended whole again at the expense of no one involved in the deal.
A nation's choice between spending on military defense and spending on civilian goods has often been posed as "guns versus butter." But understanding the choices of many nations' political leaders might be helped by examining the contrast between their runaway spending on pensions while skimping on military defense.

Huge pensions for retired government workers can be found from small municipalities to national governments on both sides of the Atlantic. There is a reason. For elected officials, pensions are virtually the ideal thing to spend money on, politically speaking. Many kinds of spending of the taxpayers' money win votes from the recipients. But...