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Keyword: ponzisocialism

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  • Ponzi socialism : Why Europe's malaise could come here

    01/07/2011 6:11:40 AM PST · by george76 · 11 replies
    NEW YORK POST ^ | January 6, 2011 | Charles Gasparino
    I Have seen the future, and it doesn't work... The reason is pretty simple: The Bernie Madoff-like Ponzi scheme of big government has been squeezing the productive class and redistributing its tax dollars and innovation to everyone else for years -- and is finally reaching its boiling point. And the way things are going, we're probably not far behind. Barcelona met the new year with the sort of subdued celebration that only 40 percent unemployment can bring. Once-swanky shops and restaurants along grand boulevards such as the Avinguda Diagonal remain vacant... Across Europe, private-sector jobs are disappearing, while governments face...