European Social Welfare State Model Running Out of Time and Money
Well said John Frary.
People visit Las Vegas and make the same old joke about the opulent casinos and how the owners ‘afford’ to build them – but it’s an acknowledgment that the house wins in the end.
European governments (and many others) are a kind of ‘reverse casino’ in which deficit spending and debt reach unsustainable levels.
Greece is the equivalent of the old Sands or Aladdin (with other nations to follow). In Vegas they have and use the option of demolishing it and starting over. What options, if any, are left for these nations and their shiny, smiling socialist leaders?





