Gipper
Well-Known Member
"What we're seeing in Greece is the death spiral of the welfare state. This isn't Greece's problem alone, and that's why its crisis has rattled global stock markets and threatens economic recovery. Virtually every advanced nation, including the United States, faces the same prospect. Aging populations have been promised huge health and retirement benefits, which countries haven't fully covered with taxes. The reckoning has arrived in Greece, but it awaits most wealthy societies." --columnist Robert J. Samuelson
"Anyone who thinks Greece isn't the proverbial canary in the coal mine is in a coma. See if this sounds familiar: out-of-control spending, a bloated, self-entitled public service sector, a mountain of accumulated debt, trillions of dollars in unfunded mandates -- and a corrupt political class completely out of touch with the people. With precious few exceptions, what nation couldn't be plugged into the above description?" --columnist Arnold Ahlert
Now what do American libs and progressives say about this? How do they fail to see that big government programs and deficit spending is economic suicide?
Oh I know....its the fault of capitalism. Makes sense to...them.