As long as there is a pie, people will want their piece. This is the case, especially if there is a big fat pie and you don't have to pay for your piece. People just can't help themselves. When they see a frenzy to gobble up a pie, they themselves feel a duty to their ego to dive in too.
Look at our congress. Congressmen write legislation typically to send pet projects to their district. These are called pork barrel projects in reference to piglets suckling their mother. I thought today, if congresspeople are sending borrowed money back to their home districts and their constituents gleefully return the favor by voting for them then what incentive do they have to stop. As a matter of fact, I think, that if someone went to congress and promised not to waste tax payers money by sending home pork projects then that congressmen would not last very long in his seat. I think the majority of his constituents would cry 'where is our piece of the pie??'.
Thus our dilemma. America has been the richest nation in the history of the world (by far) for the last 25 years. However, as the receipts to the treasury rose and fell in a normal cyclical manner, the spending by our congresspeople has always gone up. Can someone say deficits/debt? Unfortunately both sides of the aisle have put people in power who can't help themselves and have spent, spent and spent. This has done nothing but put our future generations on the hook for trillions of dollars owed to other nations.
Now we are in 2009 and our new president seeks to spend our way out of a mess that was caused by spending, regulations and destructive banking requirements on loaning money. When he is done borrowing he is going to print more money (inflation????) because he and his colleagues just can't help themselves to just eating the pie. They have to borrow against future pies ... until everything collapses and there are no pies.
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