Just one paragraph from Tonelson should give them impetus. It won't, of course. But we tried.
recent decades, America has substituted borrowing and spending for
saving and producing as its main engines of growth. Now even the
unhealthy growth recipe has not only helped trigger a terrifying
financial crisis and deep recession. But seven or eight year after those
crises were overcome, the spendthrift approach seems close to
exhaustion. In sports, those playing a losing game are usually
encouraged to change it. How much longer before Americans and their
leaders take the hint?
As we note below, "borrow and spend more, more, more" is still the M.O. for those dinks. Their time-line is simple: ".....until I get out of Congress and get my pension."
YOUR pension? That's YOUR problem, taxpaying sucker!
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