Posted on Tuesday, January 15th, 2013 at 12:20 pm by Diamond Jim

Subject: Death spiral = NEW WORD

These eleven states have more people on welfare than are employed.


NEW WORD: INEPTOCRACY (in-ep-toc'-ra-cy)

A system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.