Tuesday, August 9, 2011
Phase 1: Make a lot of nice promises on social services (gvt social security pension fund, universal healthcare, ...) that should get you elected.
Phase 2: Once elected, implement them but don't do true accounting. Don't charge enough for social security and taxes so you can get elected. Just let the deficit increase and punt the cost of those services to future generations. Remember, the main goal is to get reelected.
Phase 3: Keep doing phase 2 as long as you have a AAA rating and true inflation is not fully realized by the electorate.
Combine all that with "Politician roadmap to feeding the military industrial complex and you've got a nice debt that can only be hidden under a carpet of paper money.
Posted by Phil Champagne at 5:20 AM