Wednesday, 14 September 2011 09:35
The Unborn Vote
There are many problems with our democratic system, not the least of which is our penchant for voting in those who say what we want to hear. We do not want to hear that we have to reduce our standard of living or pay higher taxes in order to finance social security benefits or job creation. Therefore, we continue to push the fiscal pain of the financial crisis down the road until, at some point, there will be no other option. We in North America mocked the Japanese as they maintained "phantom banks" on life support in the '90s even as we repeat that mistake in the US in 2011. We in Canada mocked the profligate ways of our neighbours to the south and now we accumulate mountains of debt. We continue to finance our way into higher standards of living by amortizing the cost into the future. And those who will eventually pay, be it our children or our children's children, cannot even vote.
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