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Guns and Pensions

Realist4U Wrote: Feb 20, 2013 6:37 PM
I've gotta watch the comedy channel(MSNBC) to see how they spin Obama railing against his own policy. Oh! That's right! They just won't mention it at all. Their lead story will be "Rubio takes another sip."
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...