Increasingly I am convinced of the view that one of the key differences between left and right is short-term vision vs long-term vision.
Socialists are concerned with immediate gratification, conservatives are more prepared to plan for the future.
Very interested in a statement issued today by American politician Paul Ryan: "Our challenge is twofold: We have to pay our bills today, and we have to make sure we can pay our bills tomorrow".
The left would say we can avoid paying our bills today by rolling the debt through into the future and by the magical Keynesian process of gentle inflation the bills will disappear (except that this never works in practice - the politicians are too greedy, the inflation is stoked too high, and the debts just accumulate until payback time arrives - in more ways than one).
http://budget.house.gov/news/documentsingle.aspx?DocumentID=317187
Socialists are concerned with immediate gratification, conservatives are more prepared to plan for the future.
Very interested in a statement issued today by American politician Paul Ryan: "Our challenge is twofold: We have to pay our bills today, and we have to make sure we can pay our bills tomorrow".
The left would say we can avoid paying our bills today by rolling the debt through into the future and by the magical Keynesian process of gentle inflation the bills will disappear (except that this never works in practice - the politicians are too greedy, the inflation is stoked too high, and the debts just accumulate until payback time arrives - in more ways than one).
http://budget.house.gov/news/documentsingle.aspx?DocumentID=317187
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