[Spridgets] Alexis de Tocqueville

[corvallis at peoplepc.com]

"You can't sustain a standard of living by borrowing." Senator Judd Gregg
ret.

 

5:50am  Squawkbox on CNBC - 28 Aug.2012

 

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From: WFO Herb [mailto:froggi60 at gmail.com] 
Sent: Monday, August 27, 2012 7:07 PM
To: corvallis at peoplepc.com
Cc: spridgets at autox.team.net
Subject: Re: [Spridgets] Alexis de Tocqueville

 

Interesting fellow.  If you've not done so, read about him.

Herb

On Mon, Aug 27, 2012 at 5:37 PM, <corvallis at peoplepc.com> wrote:

http://en.wikipedia.org/wiki/Alexis_de_Tocqueville

"A democracy cannot exist as a permanent form of government. It can only
exist until the majority discovers it can vote itself largess out of the
public treasury. After that, the majority always votes for the candidate
promising the most benefits with the result the democracy collapses because
of the loose fiscal policy ensuing, always to be followed by a
dictatorship, then a monarchy." -  Alexis de Tocqueville -
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