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I get what you're saying, but how sure are we that this spending actually ends up improving lives more than the cost it will have in the future? Politicians are

I get what you're saying, but how sure are we that this spending actually ends up improving lives more than the cost it will have in the future? Politicians aren't always the most honest and with a complex system it's possible to obfuscate people enriching themselves at the expense of the taxpayer. How sure are we that this won't be abused at any point?

qubex 7y ago
If you’re concerned about future politicians’ probity, surely you should be partially worried that they may choose to default and keep all of those gains for their constituents and stiff the bondholders? See? Thinking about the future is pernicious in that policy makers have both more and less latitude than one tends to assume.