Getting and Spending in the Land of Steady (Bad) Habits
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The problem with socialism, British Prime Minister Maggie Thatcher once said, is that “sooner or later, you run out of other people’s money.” The same problem occurs when legislators, taking advantage of a temporary boost in funding from a tax rich federal government, uses temporary funding to increase spending knowing full well that the temporary and distorting infusions of federal money soon will dissipate.
Getting and Spending in the Land of Steady (Bad) Habits
Getting and Spending in the Land of Steady…
Getting and Spending in the Land of Steady (Bad) Habits
The problem with socialism, British Prime Minister Maggie Thatcher once said, is that “sooner or later, you run out of other people’s money.” The same problem occurs when legislators, taking advantage of a temporary boost in funding from a tax rich federal government, uses temporary funding to increase spending knowing full well that the temporary and distorting infusions of federal money soon will dissipate.