Never happen. That’s now how we operate. Here’s how it works …
A politician wants to get elected, so he promises stuff. Over time this tends to make us somewhat socialist, because he’s got to promise the stuff to somebody, and in appealing to voters, most of them want free stuff, so over time politicians promise free stuff for people, making us more socialist.
The politician gets elected, and in order to stay around for the second show, he attempts to give some of the stuff he promised to the people he promised it to. Whenever he is successful at giving some stuff to these people, it’s got to be paid for.
Taxes pay for the stuff the politician has promised and in fact delivered. Since taxes aren’t fun, then it’s not long before some politician, needing to promise stuff, promises to lower the taxes.
If the politician gets elected, in order to stay around for the second show, he may attempt to give the lower taxes as he promised. If he’s successful, now the lower taxes don’t pay for all the free stuff that’s now being delivered.
And the cycle goes on and on. The free stuff being given to some people, and the lowered tax rates being given to some people are in endless conflict, and the budget will never be balanced. We will always be a debtor nation, as collectively stupid as the fellow who’s paying his rent on credit cards.
Why are we a nation of credit junkies? It’s a consequence of our system. Our system relies upon a promise against the future. We are always borrowing from the future to get free stuff now. Sounds like a credit card. Looks like a credit card. I say it’s a credit card!
Of course, the gubbament has another trick up its sleeve. It prints more money. Who gets the money it prints? I haven’t got any. Have you? No, I think the gubbament uses the money it prints to pay for free stuff for some people.
In a company issuing stock, if the company issues more stock, then the shares you’re holding have got to be worth less. So it is with the gubbament. When they print more money, which *they* use, then the money you’re holding is worth less.
In this way, the gubbament can tax *more* without appearing to do so. They don’t need to *take* your dollars; your dollars just became worth less. That’s called inflation. It’s probably like blowing up one of those girly dolls.
And on and on it goes. Kinda funny, innit?