63 ms·
The budget is blowing out because of simple economics combined with electoral pressure, there are a large number of people who desire increased services and a l
by fleitz 16y ago
The budget is blowing out because of simple economics combined with electoral pressure, there are a large number of people who desire increased services and a large number who desire decreased taxes, politians deliver both. This combined with services paid for by A, delivered to B and provided by C are destined to be delivered inefficiently. When you combine all these factors you get a lot of services at high cost for which no one will pay for. The only answer that solves all these issues in the short term is raising debt. However as Keynes aptly put it in the long run we're all dead