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Thursday, December 09, 2010

Greed And Incompetence On A Grand Scale

The Economic Incompetence Of The Political Class

Quote:

...what we now can see is that elected officials, following a power motive, can be as greedy and irresponsible as anyone in the private sector. In many cases, officials from both parties have been captured by powerful interests, including public sector unions and recipients of transfer payments. As a consequence, they have willfully committed current and future taxpayer money to benefit those with political power at the expense of the community as a whole.