Monday, June 14, 2010

U.S. Embraces Model That's Failed Europe

Subject: txt sclm mny intl -
The newspaper headlines say it all. On the one hand, "Crisis Imperils Liberal Benefits Long Expected by Europeans," while in this country: "Private Pay Plummets, Government Handouts Soar." The modern European welfare state has proven unsustainable. From Greece to Britain, from France to Portugal, European countries are slashing social welfare benefits, raising the retirement age and dismantling government bureaucracies. Yet, even as Europe is learning that you can't forever rob Peter in order to pay Paul, the U.S. is racing to transform itself into a copy of the failing European model.



   [ahy-dee-uh-lawg, -log, id-ee-, ahy-dee-] –noun

a person who zealously advocates an ideology, despite all evidence to the contrary


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