Posted on 07/19/2011 6:35:06 PM PDT by Nachum
Democrats must ignore hard realities to maintain their ideological leanings.
To be a Democrat means to live in denial. Consider all of the things you must ignore or explain away:
The PIGS. Not the chauvinist pigs whose transgressions preoccupied feminists in the 1970s, but PIGS as in Portugal, Ireland, Greece, and Spain — nations facing sovereign-debt crises because they pursued exactly the sort of policies Democrats favor for this country. The PIGS share bloated government sectors (in Greece the government employs 33 percent of workers), generous unemployment packages, high minimum wages, dire pension obligations, and shrinking tax bases. Each week brings fresh news of turmoil in the streets.
(Excerpt) Read more at nationalreview.com ...
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Some include Italy in the PIGS, calling it the elephant in the room because its economy is so large. Making the acronym PIIGS.
http://globaleconomicanalysis.blogspot.com/2011/07/invisible-elephant-now-visible-eu-ready.html
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