Friday, July 01, 2011

Minnesota government shutdown.

The context is the generalized bankruptcy of the US due to hyper spending.  No amount of tax increases can fix the problem, but the governor is in full demagogue mode demanding more taxes, while the legislature has said "no" to increasing the taxes and thereby further encouraging the spending disorder.  It does leave us wondering what happens when the parties in charge are so far apart that the nation becomes ungovernable.  Democracy, however, is supposed to end in self inflicted total chaos.

3 comments:

thekingpin68 said...

Yes and this is true is many Western governments.

thekingpin68 said...

The quote did not attach. I was agreeing on the point on the danger on hyper spending.

There...

'The context is the generalized bankruptcy of the US due to hyper spending.'

Major restructuring will end up occurring...perhaps being forced basically in many places in the world.

Rummuser said...

I agree with both you and thekingpin68 that everywhere we find governments unwilling to cut expenses, while wanting to increase taxes. I do believe that in the next decade we will see some major restructuring of the way governments operate, at least in democracies.