The Intrusion of Reality
The problem in the Western world is that governments are spending money faster than their citizenry or economies can generate it. As Gerald Ford liked to say, “A government big enough to give you everything you want is big enough to take away everything you have.” And that’s true. But there’s an intermediate stage: A government big enough to give Phil from Cathedral City everything he wants isn’t big enough to get Phil to give any of it back. That’s the stage the Europeans are at: Their electorates are hooked on unsustainable levels of “services,” but no longer can conceive of life without them.
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