Thursday, November 20, 2008

It's Priceless

Politicians have more ways of escaping from prices than Houdini had ways of escaping from locks. When savvy pols want to hand out goodies, but don’t want to take responsibility for raising taxes to pay for them, they can tax people who can’t vote — namely the next generation — by getting the money by selling government bonds that future taxpayers will have to redeem.

Even such deficit spending leaves a record, however — a national debt that is the ghost of Christmas past. But politicians can even get around that.

Politics is the art of deception. It is like magic - it's fun to watch until you discover how it's done and then you realize you were a fool to fall for the fraud.

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