"A Democracy cannot exist as a permanent form of Government. It can only exist until the voters discover they can vote themselves largess out of the public treasury. From that moment on the majority always votes for the candidate promising the most benefits from the public treasury with the result that Democracy always collapses over a loose fiscal policy, always to be followed by a dictatorship. "
Sound like today?
Well, it was written by Professor Alexander Fraser Tytler, two centuries ago in the early years of the thirteen colonies that spawned a great Republic.
"I pledge allegiance to the flag of the United States of America, and to the REPUBLIC for which it stands, one Nation under God…"
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