Never ask of money spentWhere the spender thinks it went.
Nobody was ever meantTo remember or inventWhat he did with every cent.
The degree of leverage now being reversed is staggering, and the underlying global imbalances - notably between the savers and the spenders - will require long and painful adjustment.
Elections should be held on April 16th- the day after we pay our income taxes.
That is one of the few things that might discourage politicians from being big spenders.