The question remains, if the people vote the treasury to themselves, and vote to borrow future generations treasure, and refuse to tax themselves but vote to confiscate the wealth of others, what is the answer to the inevitible economic failure?
Perhaps some in EUSSR are trying to head off the voters by setting up a Committee (sanctioned by elected national representatives) that has no constituency but the power to enforce austerity rather than meltdown?
yitbos
Freepers should not be nitpicking if socialism, capitalism etc etc will work or not because we are in the midst of paper currency breakdown. Desperate times means desperate measures by our gov and bankers. Remember in the eyes of our elites, the customer will lose his entire savings if the banking system implodes. Thus if a severe crisis hits, customer accounts can be used as collateral for loans to cover losses and if the bank goes bankrupt, customer accounts can be taken to make good on bankrupt company’s debts. Even if this means existing regs and laws are broken. MF Global is the canary in the mine. FREEPERS should be concentrating on protecting their existing wealth from the chaos or will wake up finding their entire life savings frozen or taken no matter who is POTUS. That is how bad our system is structurally. The MSM, gov and Wall Street have done their utmost to hide these facts, but time is running out as the EU crisis, Japan’s debt and utlimately US debt will unravel the system. When a system fails, remember ALL PROMISES WILL BE BROKEN no matter who is POTUS!!!
The voters don’t have a say either way. This is socialism from the top down.