One of the most successful political ploys is to promise people things without having the money to pay for them. Then, when others want to cut back on the things that have been promised, blame them for lacking the compassion of those who wrote the checks without enough money in the bank to cover them.

By Thomas Sowell at Human Events.com

EXCERPTS:

Nothing more clearly illustrates the utter irresponsibility of Barack Obama than his advocacy of “high-speed rail.”

However little President Obama knows or cares about economics, he knows a lot about politics– and especially political rhetoric. “High-speed rail” is simply another set of lofty words to justify continued expansion of government spending. So are words like “investment in education” or “investment” in any number of other things, which serves the same political purpose.

To talk glibly about spending more money on “high-speed rail” when the national debt has just passed a milestone, by exceeding the total value of our annual output, for the first time in more than half a century, is world-class chutzpa.

Since the generations that follow cannot vote today, the Obama administration’s latest budget keeps the spending increasing, while regaling us with wonderful plans for big reductions in government spending– years from now, after Obama is gone.

Make no mistake about it, spending wins votes, and votes are the ultimate bottom line for politicians. If fancy words and lofty visions are enough to get the voters to go along with more spending, then expect to hear a lot of fancy words and lofty visions.

FULL ARTICLE

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