COMMENTS:
By John Galt for America's Chronicle
And only the brave will be able to change its course.
The
following chart of per capita expenditures in the United States compared to four
of the most economically troubled nations of Europe was composed by the Senate
Budget Committee Republican staff from IMF data and purports to show just how
deep in debt the US is getting due to an out of control welfare and entitlement
state.
All four
bankrupt nations of Portugal, Greece, Spain, and Italy, are actually in better
shape as to their financial commitments to their population than the United
States who spends more than $20,000 per person compared to Italy's $16,900, Spain's'
13,100, and doubles Portugal with $10,200.
The debt leviathan
in America
should be a source of extreme worry to Washington who instead chooses to ignore
it and remains on track to increase it. As we are witnessing in the recent elections
that have taken place in Greece
and France,
Democratic institutions are not up to the job of electing the leaders that
would solve the problem. The contrary is the case where the popular demand
turns to protect their privileges rather than controlled them or reduce them. Democracy
brakes down when individual self-interest goes unchecked. The masses are not
lead, they are leading.
All
indications are that Americans are not all that different than our European brethrens
and that our masses will move to protect their privileges as well through the
electoral process. American Democracy is, however, more evenly split still with
a close 50/50 balance between the moochers and the producers. European
democracies have long lost that balance in favor of the moochers. As this high
level of US
government expenditures indicate, the trend favors the moochers. We are on
ground zero.
COMMENTS: