Have they gone mad? No, they have not gone mad, but they are mad and generally about similar things. Americans would do well to take notice and better understand the implications for an entitlement crisis. The students, the union workers and others in the streets of these countries are all angry about one thing, they are getting less or paying more for the goodies the “government” provides, the entitlements, the subsidies for this or that or the overly generous pension promises. The rioters seem unable to make a connection between the benefits they seek and the long-term cost to provide them. All these countries spend more than they should, built up more debt than they can handle and make promises that are unrealistic to keep, especially when an economy goes south.
The United States does all of these things on a grander scale, are we that different? The question remains to be seen because we have so far been effective in pushing the reckoning forward one year at a time. However, something has to give and as long as politicians are not held accountable, our hole gets deeper each year. Sure, entitlements are nice, we all find a way to enjoy one or more, but that does not make them affordable, right, or even good policy.
Every Congress that adds an entitlement or expands an existing one commits future generations to the cost burden, eventually pitting one generation against the next, creates expectations that must be fulfilled (or suffer the consequences) and relieves Americans of more and more personal responsibility. A population that is more and more dependent on its government and its politicians cannot survive as a thriving society for long, such dependence is a road to mediocrity.
Related Articles
- Why a Royal Rolls-Royce is a Symbol of Times Ahead (curiouscapitalist.blogs.time.com)
- Tens of thousands protest in Greece as Europe braces for austerity backlash (calgaryherald.com)
- The Curse of Entitlement (socyberty.com)
- How to Talk America Down From Impending Fiscal Suicide (fool.com)
QUINNSCOMMENTARY 
A knowledge in the tax management of pension rewards is necessary pertaining to pension planning. It can benefit to remove phony expectations concerning dollars that will be received in old age …emerytura uk
LikeLike
Below redundancy regulation, Scotland is really a nation exactly where employers tend to be duty sure to take care of their workers pretty. This can be the case within the united kingdom, Wales along with n. Eire.emerytura w anglii
LikeLike