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The Welfare State's Death Spiral
RealClearPolitics ^ | 5/10/2010 | Robert Samuelson

Posted on 05/10/2010 9:49:44 AM PDT by bigbob

WASHINGTON -- What we're seeing in Greece is the death spiral of the welfare state. This isn't Greece's problem alone, and that's why its crisis has rattled global stock markets and threatens economic recovery. 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.isky.

(Excerpt) Read more at realclearpolitics.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: eu; greece; samuelson; welfarestate
Rush mentioned this article today, and Samuelson nails it.
1 posted on 05/10/2010 9:49:45 AM PDT by bigbob
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To: bigbob

Posted on February 15, 2010 4:07:55 AM GMT+09:00 by DontTreadOnMe2009

According to figures released by the transport ministry last week, 135 controllers earned more than 600,000 euros (830,000 US dollars) per year while 713 earned between 360,000 and 540,000 euros.

By comparison Prime Minister Jose Luis Rodriguez Zapatero earns just under 92,000 euros a year while the average salary in Spain is just over 18,000 euros per year, according to government figures.
In addition, the controllers can retire at the age of 52.

(Excerpt) Read more at breitbart.com ...


Incredible.

The Fall of the West. If they make nearly a MILLION DOLLARS a year while they are working, then retire at 52, don’t they get $30,000,000 in retirement pay, if they live long enough???

Total of $50,000,000 each???

What country could ever support this? Oh yeah: Spain, US, UAW, Obama, SEIU, they all want to try!!!


2 posted on 05/10/2010 9:57:15 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: bigbob

Check this out:

http://www.eutimes.net/2010/02/single-muslim-mother-of-six-finds-2m-mansion-on-the-net-and-then-gets-you-to-pay-7000-a-month-rent/

Muslim woman with 8 kids living in Government supplied $4.2 million London Council House

near Paul McCartney,

costing $11,000 a month paid for by the Socialist Welfare State.....................

says “Life in Britain is great” !!!

Ya think???

And then she gets an additional $16,000 in cash each year more, in “benefits”!!!

Wow.

and again, “Why work when I can get $64,000 in benefits a year AND drive a Mercedes, a van, and have a 42 inch TV?”

The Davey family’s $1,250 -a-week state handouts pay for a four-bedroom home, top-of-the-range mod cons and two vehicles including a Mercedes people carrier.!!!
Father-of-seven Peter gave up work because he could make more living on benefits.!
Yet he and his wife Claire are still not happy with their lot.
With an eighth child on the way, they are demanding a bigger house, courtesy of the taxpayer.

Yes, demanding! Isn’t life great in Great Britain???

Read more: http://www.dailymail.co.uk/news/article-1265508/Peter-Davey-gets-42-000-benefits-year-drives-Mercedes.html#ixzz0kycmrrrx

Read more: http://www.dailymail.co.uk/news/article-1265508/Peter-Davey-gets-42-000-benefits-year-drives-Mercedes.html#ixzz0kyc8g4vp:

http://www.dailymail.co.uk/news/article-1265508/Peter-Davey-gets-42-000-benefits-year-drives-Mercedes.html


Also:

http://74.125.95.132/search?q=cache:A0N2vsOLZ-sJ:www.judicialwatch.org/comment/reply/5650+Ventanillas+de+Salud,+Health+Windows&cd=3&hl=en&ct=clnk&gl=us

Struggling County Spends Millions On Illegal Aliens’ Dialysis

http://www.judicialwatch.org/blog/2009/aug/struggling-county-spends-millions-illegal-aliens-dialysis


3 posted on 05/10/2010 9:58:14 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: bigbob

if you think it will be tough prying somebody’s gun away from their cold, dead hand, try doing the same with their welfare check...


4 posted on 05/10/2010 10:00:46 AM PDT by Buckeye McFrog
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To: bigbob

Does everyone know that Robert Samuelson and Larry Summers share the same familial name???

I like Robert Samuelson -— a straight shooter and very smart. THis is another great article by him.

I don’t like fat chunk munk Larry Summers with the fake made up last name, so that he sounds like Sky or River or something ........... I think he has done the USA a lot of harm.

All of Samuelson’s articles are spot on ......


5 posted on 05/10/2010 10:01:28 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: bigbob

What we’re seeing in Greece is America’s future if we continue much farther down Obama’s socialist road. Bet the farm on it, even if he Marxists WILL steal your winnings.


6 posted on 05/10/2010 3:00:54 PM PDT by Jack Hammer
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To: bigbob
There is another approach that our wonderful government might be taking to address this issue. They might actually be attempting to anger all of us to the point of splitting up this nation politically into separate countries. There is certainly a good reason for those currently in power to do this.

This government is financially broke and reduced to borrowing TRILLIONS to remain afloat as it is. States themselves are broke and in a bind when it comes to meeting their obligations. The "stimulus" plan was a short reprieve to those liberal hell-holes unable to remain solvent on their own. It bought them and the scumbags running them a little time before they have to face their constituents with the truth. The limit is running out on how far this "can" of accountability can be kicked down the road. Time is running out. Something MUST be done to avert the disaster looming for those responsible if the public is faced with the truth that liberalism has ruined their lives and futures.

Over the past fifty years, liberals have made promises to take care of everyone who supported them. They’ve promised social security, medicare, and prescription drugs to the baby boomers. They promised exorbitant retirement packages to the teachers, the federal workers, and to the high ranking military. They promised cradle to the grave subsistence to the poverty stricken with welfare, food stamps, housing assistance, etc. etc. etc.

These “promises” now total over 100 TRILLION dollars. The baby boomers are almost ready to start retiring in massive numbers. They want their goodies. The federal workforce, along with the teachers and police are starting to retire in large numbers as they’ve put in their time as well. They want their goodies. Same for the military, etc. etc. The poverty folks are falling further behind and they will be making their continued demands.

If you are the United States government and are FLAT BROKE, how do you handle this situation? You can’t pay your bills. You can’t let the ones you’ve promised so much to find out it was all just a scam, at least if you are a current office holder. There is ONLY ONE SOLUTION. You anger the masses to the point of breaking up the country into separate political entities. Doing this means your day of reckoning NEVER arrives. You don’t ever have to show your hand. You simply allow history to change the landscape politically as you melt back into whichever society emerges. That 100 trillion dollar turd NEVER hits the fan. Knowing the end is near so to speak, steal as much “future” wealth as you can and take care of your buddies on Wall Street before you leave office (Bush), and take care of your buddies as you (Obama) wreck the nation into the disarray that will bring about this “change” everyone thought they were voting for.

Splitting up rescues those who have stolen everything. It's their only out.

7 posted on 05/10/2010 5:44:14 PM PDT by Uncle Sham
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