Debt, Debt and More Debt: Is Democracy to Blame?

NPR-July 17, 2012

Once in office, a lawmaker discovers that “in financing the desired output of the public sector, the polititian (must choose between) raising taxes versus borrowing funds,” the professors wrote… The easier choice is to borrow and pass the cost to a future generation.(read full story here

“Passing the buck” is more relaxing.
Facing the truth can be more “taxing.”

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