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The Julia La Roche Show cover image

#189 Rick Rule On Paying Attention To The Warning Signs In The Economy And Insuring Against Collective Stupidity

The Julia La Roche Show

NOTE

Elections Reflect Self-Interest and Debt Denial

Upcoming elections are viewed as lacking good outcomes, with no candidates addressing crucial issues like reducing government spending, the deficit, or debt. The perspective highlights a belief that voters often seek to avoid personal sacrifice while expecting others to bear the burden. Historical precedents, such as the political landscape in the 1970s, demonstrate that significant crises are often needed for meaningful change. However, past opportunities for reform, like those during Reagan's presidency, were squandered in favor of increasing debt rather than genuine fiscal responsibility, pushing the tough decisions onto future taxpayers. The cycle of self-interest among voters and their leaders continues to undermine the potential for responsible governance.

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