The Broken System

Greece is currently demonstrating the logical conclusion of the socialist system. Massive national debt engendering riots in the streets could soon be coming to a town square near you. Several other European welfare states risk looming potential collapse including Great Britain. And instead of sticking to our free market capitalism model, the United States is following their failing path. So America is underwriting the Greek bailout with fifty billion dollars so far in loan guarantees, backing the largely German $170 billion rescue package which requires Greece to take some modest measures of austerity which are still so unpalatable to Greek workers and particularly Marxist-led labor unions that their civil unrest has continually roiled the streets and actually killed people in a bank. Giving Greece any more money for the profligate cradle to grave welfare state will do as much good as giving a drowning man the proverbial glass of water.