Politicians are able to spend our taxes like drunken sailors providing they call it investment. People look down on the drunken sailor spending his own money but at least he doesn’t call it investment.
At the recent G20 Summit German Chancellor Angela Merkel offered the wisest words during last week's G-20 summit: noting that the current economic malaise occurred "because we were living beyond our means," she urged governments to adopt cautious fiscal policies. Hence her crucial vote against the European Union's proposed $229 billion "rescue package" for Eastern Europe.
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