THIS TIME IT HAS GOTTA BE DIFFERENT?: A Sickening Situation - Editorial Commentary - Thomas G. Donlan - Barrons.com
It's amazing how the "this time it has got to be different" mentality seems to permeate governments.
They could look around and see what Washington's current fiscal and social policies have wrought in Europe - but, rather than see the overextended, effectively non-growing economies with much lower salaries and much more expensive goods, they'd rather ignore those unpleasantries, assign them just to Europe, and instead bask in the thought that the US can create a socialist state that will actually be able to pay for itself.
(Well, it's not paying for itself now; and, it's not doing it in any other country; and, even states like California don't seem to be able to pay for it; but, heck - maybe its different for the entire US?)
Anyone out there selling bridges?
Saturday, May 15, 2010
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