Thursday, May 20, 2010

Protesting Reality

The Welfare State is in a Death Spiral, and Liberals Can't Handle the Truth
"The spectacle of government workers, cranky retirees, militant unionists, and mad dog socialists locked arm in arm protesting reality is a sight we'd better get used to."  (Bill Frezza - Our Greek Future)
As Robert Samuelson notes dryly, we are witnessing "the death spiral of the welfare state."  Greece now, with the rest of Europe and the US soon to follow.
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.

Budget deficits and debt are the real problems; and these stem from all the welfare benefits (unemployment insurance, old-age assistance, health insurance) provided by modern governments.
Bill Frezza's snapshots from Greece show the results of a government-heavy, socialized welfare state like Obama and the Democrats want to create here:
Athens is a squat, graffiti covered dump badly in need of a paint job whose population all seemed to be off somewhere taking a nap.

The Greek economy relies heavily on tourism yet there was hardly a hint of a service mentality. Doughy stares and listless shrugs were the order of the day.
Wake up America! How many million unionists are we expected to carry on our public payrolls? How long can we keep government employees on defined-benefit pension plans while the rest of us scramble to fund our 401(k)s?


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