soundoff (19 Responses)

1. Economist
   

   Margaret Thatcher said it best, "Socialism works great until you run out of other people's money." Well folks, we're here. European states are teetering on bankruptcy because of the burdens of their social welfare systems, despite aggregate tax rates of more than 60% in most countries. They have already spent everyone else's money and America is putting up the money to bail them out. Money that we have borrowed ourselves from China. If you want a European style social welfare state, with 60%+ taxation, stagnant economies, and perpetual 15%+ unemployment, feel free to go on over there and try to make a living.

   December 7, 2010 at 9:02 pm | Report abuse |
2. hsr0601
   

   In my view, Public opinion ought to be a determinant.

   December 8, 2010 at 1:30 am | Report abuse |