"When the people find that they can vote themselves money, that will herald the end of the republic."
This was the nightmare of Ben Franklin.
Yet, with passage this spring of a $4 trillion bailout of an economy facing historic losses because of the COVID-19 pandemic, and Nancy Pelosi's House having voted out another $3 trillion, we may have reached Franklin's peril point.
Indeed, if Democrats capture the Senate and win the White House, as many polls now project, it is not easy to see who or what prevents an uncontrolled explosion of fresh spending and a concomitant expansion of federal power. ...
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