Showing posts with label Statism. Show all posts
Showing posts with label Statism. Show all posts
Saturday, March 6, 2010
"Germany and Greece Go to the Mattress"
Following up on Jeff's article, the Weekly Standard discusses the situation. They mention that the German people (Das Volk?) are fed up with bailing out Greece, that Germany pays out 10 billion more Euros to the EU than it gets back. People are complaining that Germany may be raising their retirement age from 67 to 69 so that the Greeks can retire at 63. Stuff like that. Things that point out that there will be a breaking point where this statist crap won't be tolerated. But the author then goes on to say that the EU bureaucrats, including Germany's Conservative leader Angela Merkel probably will not allow Greece to collapse, despite the will of her people. This tends to back up Jeff's point that the statists will continue to keep the system going despite the will of each country's own people. I disagree with this. There will come a point where the government will have to answer to the will of the people. It will come quicker in the US than in the EU, but it'll happen anyway.
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