I have seen the future of California…it is Greece, and it does not work.
Greece has debt due this year that exceeds half the entire budget of the government.
Europe is discussing bailing Greece out, although to enter the European Union Greece said it would live by certain spending limits – it didn’t.
Now that would not be a terrible thing except that they share a common currency, the Euro, and Greece is a threat to the currency.
Greece, you see is European version of a socialist nation. About a third of the entire population – or at least the employed population, works for the government…and as a strong union nation those employees have life-time jobs.
There was a great article in the American Thinker back in 2008 that described the youth of Europe:
“The last time I was in Rome I listened as a very bright young man explained to his friends, over lunch at a sidewalk café, what was really going on: Most European countries have become, essentially, plutocracies. The socialist governments give lip service to wealth redistribution but they are tightly interwoven with the “old money” in the banking system and in big business.
This came as no surprise to his educated friends. Their response was (same as it always is): Of course the system is corrupt. We will throw out the old socialists and put in some new ones. It played in their minds like a broken record. I have heard it for years and years and years.
The only thing that stopped the conversation from becoming a perpetual loop was that one of the conversationalists eventually proclaimed, “Ah. But at least we are not America!” The Marlboros got lit up. The espresso and Coca Cola were sipped. And they got back to the serious business of bashing capitalism.
Well, not all of them. It turned out that the bright young man who had so eloquently described the current corruption was the bus boy at the café. He had a university education … and a job!
I had the opportunity to speak with one of these young people alone. Actually, this fellow was not so young anymore. He was thirty-four. He still lived with his parents.
e could not afford his own place. His family was having problems even paying their electrical bills.
The reason the price of electricity was so high was that the “greens” had for years stopped the Italian government from building nuclear power plants.
It is a great read.
http://www.americanthinker.com/printpage/?url=http://www.americanthinker.com/2008/11/waltzing_on_the_titanic_1.html
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