Most modern welfare states have a huge problem: their politicians promise more than government revenue covers. So they borrow and borrow until they can borrow no more.
And then they go down. Like Greece has gone down. Banks are closed there, and the people suffer.
The problem is over-spending and over-promising (the latter being merely committing to future over-spending, so let’s just call it all over-spending). But when you confront a partisan of such extravagance — whether that person be a politician or a constituency beneficiary or an ideological socialist or social democrat — the most common defense is: THEY WOULDN’T LET US TAX ENOUGH.
The “they” in such defenses could be an opposition party, or a constituency, or . . . “the evil rich.”
But anyone with something other than a lump of coal for a brain knows the real truth: responsible people don’t make such defenses. If a political difficulty gets in the way of the extra revenue needed for something promised, it’s practically the same as an economic difficulty, so the excuse falls apart.
Say again?
If you cannot get enough revenue for your favorite program, it doesn’t matter whether the people who are the source of your “needed” revenue are broke — have nothing to give — or they simply balk at giving. The point is, you don’t have the revenue. The responsible reaction would be: cut back on spending.
Responsible people budget; irresponsible people blame others for not having the wherewithal to spend and spend and spend.
This is Common Sense. I’m Paul Jacob.
