Old Europe's weary teet

QOTD

"Disgruntled applicants for civil-sector jobs block the entrance to the finance ministry in Athens Wednesday."
- the debt crisis in Greece, source

The European model, so beloved by the Obama administration, is cracking.

• Debt and deficit ratios in Greece, Ireland, Italy, and Spain are reaching critical levels and are unsustainable.
• As debt grows, bond ratings will plummet and the cost of debt will increase. Or, more simply, would you buy Greek debt right now?
  
• Unemployment in Spain is 20%, but popular concern is low-key because of "generous unemployment benefits".
• One expects that the EU will come to the aid of these struggling countries, but how will that change the fundamental problem?
  

Of course, I say "nuts" to Europe... except for the beaches in Spain (above).
No society worships the government teet more than Europe.
So, live by the teet... die by the teet. He he.
The growth rate in Europe has lagged for decades now as the public sector grows and grows and living standards shrink and shrink. Steve Forbes did a great job describing this in his latest book.

Europe is a wonderful anti-example for the US. Will we live by the teet?
Illinois has already had union and civil-service people protesting for higher taxes to fund even greater benefits for them.

A vote this November against the European model and President Obama and the flippin' teet is a start... reject the European teet model and get back on the course of American freedom, entrepreneurship, leadership and success.
And American beaches.

Huzzah to that!
f the teet... yow, bill

QOTD2

"Yes, I know it's teat, not teet.
But I like teet.
It seems, I don't know, less medical, less antiseptic to me."
- WilliamT responding to many emails on his spelling