Term limits only way to stop ‘high time’ spending epidemic

By Howard Rich

“Buy now, pay never.” That’s the modus operandi of government at all levels, where a “high time” spending preference continues to flood our nation with a rising tide of red ink.  “High time” spending — or the ongoing accumulation of present and future deficits to fund new entitlement promises — has reached epidemic proportions, and both major parties are guilty of fueling this worsening addiction.

What’s the solution? Obviously trusting politicians to implement even modest spending reforms is an exercise in futility.  So if the politicians refuse to change, we must change them via mandatory rotation in office — or term limits.  Otherwise the cycle will never be broken.  Here’s how “high time” works:  To ensure their own reelection, politicians of both parties (and their appointed bureaucrats) will give a majority of voters whatever they want now without any regard whatsoever for the future fiscal consequences of their actions.  And once a new program or benefit is established — it is virtually impossible to scale it back or eliminate it.   To Read More…..