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Guns and Pensions

Mr. Right Wrote: Feb 19, 2013 7:51 AM
I've never thought of FDR as one of the best. He may not be as bad as Carter or as purely, malevolently evil as LBJ but I've never thought of him as good, let alone one of the best. Democrats consider him one of the best but that right there should tell you everything you need to know.
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...