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Why we have deficits.


hugo

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Take money from Peter and give it to Paul you get Paul's vote but lose Peter's. Peter Jr. can't vote.

 

Once you allow government to make transfer payments from one individual to another deficits become almost inevitable.

The power to do good is also the power to do harm. - Milton Friedman

 

 

"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." - James Madison

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Take money from Peter and give it to Paul you get Paul's vote but lose Peter's. Peter Jr. can't vote.

 

Once you allow government to make transfer payments from one individual to another deficits become almost inevitable.

 

Did you read that somewhere or is that an authentic hugoism? ;)

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He didn't attribute it to Walter Williams, so I'm guessing he pulled it out of his own ass... I mean, head.

 

He pulled it out of his own head!

 

yeah... that's what I meant. ;)

 

Actually, I think it's a damn impressive statement!

 

He could give BCAR a run for his money with that little "ism". ;)

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