More On Term Limits

More On Term Limits

Term Limits alone may not eliminate all the conflicts of interest, but they are a necessary first step.

A most obvious example of the corruption caused by a conflict of interest is deficit spending. Our legislators seem so addicted to power that they can not bring themselves to explain to the people the calamity that lies ahead if we continue to spend more than we take in (see Germany in the 1920s and Brazil and Argentina more recently). Talk about a PONZI scheme! And the people don't want to hear it because they are living their lives in just such a scheme--borrowing and spending until the lenders stop lending. Then comes the collapse with tragic losses. While the Ponzi scheme is working, everything seems rosy. Nobody wants to hear about the bad news ahead. They may not "kill the messenger", as people used to do, but they just don't re-elect him/her---which is worse than death for the power-addicted careerist.]
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