Cuba understands what US doesn't (Oh the irony!)

Money Central ^ | 09/20/2010 | Bill Fleckenstein

[SeekAndFind]

As even the Cuban government lays off workers, we can't seem to face the looming problems posed by our own bloated public payrolls.

SNIP

I suspect one thing the left and the right might be able to agree on is that it does not do anyone in the private sector any good to have a public sector that is bloated to such absurd levels.

Even communist Cuba has been forced to figure this out, as front-page articles in the Sept. 14 print edition of The New York Times ("Cuba's public-sector layoffs signal major shift") and the Sept. 15 print edition of The Wall Street Journal ("Cuba to cut state jobs in tilt toward free market") made clear. Facing essentially the same problem that we do, the Cuban government plans to lay off 500,000 workers in hopes they will move over to the private sector. As the Cuban Workers Federation said in a statement quoted in The Journal: "Our state can't keep maintaining . . . bloated payrolls."

Neither can the United States. And if a communist government like Cuba can admit it and make changes, why can't we?

[chippewaman]

I thought I’d never say this ... but is Fidel on to something?

[SeekAndFind]

I thought I’d never say this ... but is Fidel on to something?

When you are near your last days on earth and anticipate meeting your maker, you have to face the truth. Fidel is simply facing up to one of the may truths he has denied. There should be more and I hope he continues to confess the error of his ways.

Whether his fans in the USA will learn from this is another matter.

[IOWAfan]

from Drudge:

http://news.ph.msn.com/business/article.aspx?cp-documentid=4346459

[SeekAndFind]

Thanks for the link. I actually saw that news and posted it in a separate thread before I saw your message.

But it just goes to show that former Communist and Socialist countries get it. We on the other hand, don’t.

If we don’t, we’ll have to learn their lessons, THE HARD WAY.

[max americana]

How low can America go under obama when the biggest commie in the world solves a problem any capitalist will agree on?

[davisfh]

"I thought I’d never say this ... but is Fidel on to something?"

Now it remains for Fidel to fully understand and to admit his total guilt in the impoverishment of the Cuban people. Will he ever do that? An even better question is, "Does he or will he ever fully understand that?"

[TexasRepublic]

It took only 50+ years of misery under Communism for some in Cuba to draw the correct conclusions. Hopefully it won’t take as long in the U.S.