Here ya go-
NYT article.
5/22/10 -Crisis Imperils Liberal Benefits Expected by Europeans. "Across Western Europe the "lifestyle superpower", the assumptions and gains of a lifetime are suddenly in doubt. The defecit crisis that threatens the euro has also undermined the susutainability of the Europeans social welfare built by left leaning Governments since the end of World War two." Let's see, our Capitalistic system has lasted 200 years vs European Socialism 65 years. European payback time. |
Looks to me like after we rebuilt Europe after the Second World War they were enjoying the benefts of our economy....until we effed it all up. And I don't mean the average US citizen.
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Quote:
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Low birth rates coupled with greater life expectancy was cited as major causes - the article explains that down a few paragraphs. In 1950 there were 7.3 working Europeans per pensioner, by 2050 there will only be 1.3
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Going to be the same here as the Baby Boomers retire and fewer
workers to fund Social Security et. |
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