Wow, this guy is an economic illiterate. The moocher class has grown too large. The end result in Europe is assured: despotism and slaughter. Sadly, we’re close to that line here.
Europe replays the same tired old script every generation or two.
Politicians promise something for nothing.
The public elects them.
Politicians run up the public debt to unsustainable levels.
Heroic bailout efforts ensue.
Then war of all against all.
Rinse and repeat.