Originally published on Tue July 17, 2012 12:03 pm
High-profile experts are staging two separate Washington press conferences Tuesday to demand action on public-debt problems. One group is targeting state budget crises; the other, the federal budget mess.
If the ancient Greek philosopher Plato were still alive, he might hold a third press conference to declare: "It's hopeless. I told you so. Democracy will always degenerate into chaos because people will vote for their immediate self interests, not the long-term good."
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