Friday, July 31, 2009

Alexander Tyler's Prophecy

"A democracy cannot exist as a permanent form of government. It can exist until the voters discover that they can vote themselves largess from the public treasury. From that moment on, the majority always votes for the candidates promising them the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy."
Alexander Tyler- 1770

We need to wake up!!!! or is it too late?