AN IMMIGRANT WARNING AND EXAMPLE: Awaiting Jackson Hole - Barrons.com
With respect to what is wrong with US social and fiscal policies and what might be done about it:
The simple story that seems relevant here is that of the (let's say Mexican) immigrants who come to the wonderful liberal state of California. They work hard, earn little, are known to always pay their debts and find a way to make due.
That is, the immigrant generation!
As for their kids, it's a totally different story - usually involving dropping out of school, crime, welfare, etc.
It would seem there is a lesson here that we are overlooking.
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