All across the US and indeed the world governments and individuals are learning there simply is not enough money now or from future generations to fulfill all the promises made by politicians.
Some of these promises were made in a sincere attempt to help people, other politically motivated and still others simply poorly thought out dumb ideas. It doesn’t matter, they all have to be paid for.
For our part we citizens generally welcome this largess be it subprime mortgages, Social Security COLAs, tax credits or generous pensions. Others see social goals such as the environment as primary over economics. Again, it doesn’t matter why we accept all this spending, it still has to be paid for.
Politicians are forever going to act in ways that get them re-elected with long – term consequences being secondary. We need to change that and to limit the potential damage so that re-election is no longer a driver of spending.
In essence, we need to protect ourselves from ourselves.
Please consider signing the Term Limit Petition. We need 100 people to sign to get to the next step and time is running out.
- Barney Frank retires; another example of why we need term limits (quinnscommentary.com)