Monday, October 24, 2011

Will The US Be Different From Greece?

Jeffrey Carter:
We are in a situation that calls for pretty radical change from the perspective of a socialist. But if you are a capitalist/entrepreneur, the changes we need to make aren’t that big a deal. It’s more like the normal course of daily existence.

The Greeks are on the march. No doubt, their kin in the US, public employee unions and socialists, will hit the streets here. They will make a lot of noise, and create a lot of fear. The reality is we cannot afford them anymore.

Things like that are a legacy of the past, just like buggy whip manufacturers.
The demographics of the United States allowed us to maintain, for the last 70 years or so, the fiction that the government could fund everything that anyone wanted funding, that we could pay for care from the cradle to the grave, and there would always be enough money available to do that without running out.

The demographics are changing...

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