Originally Posted by pricejj
All aboard the Communist Brigade!!
European Socialist Democracies only took 70 years to fail, while attempting to pay for single payer and cradle-to-the-grave welfare. They can raise taxes all they want, in an attempt to balance their budgets...it will never happen.
Without a strong U.S. worldwide military presence, Europe would not be able to defend themselves, because they can't afford barely any military spending...and have more defense cuts every year.
The entire world would be in complete chaos if every country adopted failed European policies, which is exactly what is happening in the countries that already have. Massive inflation, massive unemployment, and permanent slow growth or recession. All amounting to inevitable collapse. How long do you think Obama and Bernanke can keep printing dollars? Here's a hint: not long.
You just love running around with your hair on fire, don't you? Social programs are not the fundamental cause of the European crises. Low interest rates drove out of control spending and when the merry go round stopped, they found themselves mired in debt, just like us. Most of what happened is the result of uncontrolled greed. I realize the Right just loves to pick a scapegoat, and nine times out of ten, that scapegoat will be the poor, but that's just more scaremongering and blame. I guess it's emotionally satisfying for simpletons, but that doesn't make it true.