Why is this reported on my "Within The Black Community" blog? Because what is presently happening in Europe with regard to skyrocketing national debt is also happening in the United States. As the government debt increases due to anemic growth - debt will increase as they struggle to retain the standard of living that the masses who live under "Euro-Socialism" have come to expect. Fear not - they are going to have to make cuts in national entitlements lest the entire system go into the tank.
My challenge to all Americans is "Why do you thing your fate will be any different?" If Europe is so frequently held up as the reference model of what America should one day hope to be - regarding its commitments to social entitlement - what should we say as we note the amont of debt is being generated by the draw upon the central governments from these same programs that the present "Federal Democrats" are erecting upon us?
Again I ask - "What are you doing at the local level to blunt any future impact that a massive scale back in national government spending will render upon you?". If you don't think that it is going to happen this is your second mistake. The first one was the assumption that there is a "free lunch" if you obfuscate the invoice for the lunch into a large national resource pool.
WSJ: Debt Fears Rattle Europe
Debt Crisis In Greece
The Dominoes In The European Debt Crisis
0 comments:
Post a Comment