Quote:
Originally posted by Captain
I'd only add to this that somewhere the Government has decided that spending and taxing are only remotely and not directly related. Whether it was the late Keynesian advocacy for mammoth deficit spending or the Supplier-siders theories that tax reductions would pay for themselves, the idea that you don't have to make both sides of the equation add up strikes me as blindingly, obviously wrong.
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Someone in government, that is everyone elected to Congress, realized that most of their constituents now operate this way, paying with credit and an expectation to pay it off in the future.
Of course, for an individual, at least of working age, their wages are likely to increase more rapidly than is the overall national income, so overspending is a little less unreasonable. We need the Amish to run the budget.
