“A Democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote them- selves largess out of the public treasury. From that moment on the majority always votes for the candidate promising the most benefits from that public treasury, with the result that a democracy will always collapse from a loose fiscal policy (burden of large public debt), always to be followed by a dictatorship.”
Look at the United States projected yearly deficit and growing interest expense on the debt and tell me that quote isn’t foreshadowing
shane / Shane
npub1pwq…t43l
2023-08-20 18:42:46
Author Public Key
npub1pwqjj89lrdsmwxe8zng5jm2kpcmn76h5d0yupxcjqrd0cj0qgqjqznt43lPublished at
2023-08-20 18:42:46Event JSON
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"id": "ec34b3f8ef6c843bb8ca6678f409b0744199bdd87afbf6c4788da386d394e91c",
"pubkey": "0b81291cbf1b61b71b2714d1496d560e373f6af46bc9c09b1200dafc49e04024",
"created_at": 1692549766,
"kind": 1,
"tags": [],
"content": "“A Democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote them- selves largess out of the public treasury. From that moment on the majority always votes for the candidate promising the most benefits from that public treasury, with the result that a democracy will always collapse from a loose fiscal policy (burden of large public debt), always to be followed by a dictatorship.”\n\n\nLook at the United States projected yearly deficit and growing interest expense on the debt and tell me that quote isn’t foreshadowing",
"sig": "c0e4c5ed01d27431708e0be64773ee978683cf653c52e96cf19f715779cdee53ae5589ae089b7bec8ba1affdfa01d9fbfc2c33ecedd61afde56c598caea645d4"
}