Isn’t it great that there are no such problems in the United States? Oh. Wait. There are?

Mastersen's Musings

I read this paragraph about Angela Merkel, Germany’s stalwart leader, and found it to be profound on many levels.

“If Europe today accounts for just over 7 per cent of the world’s population, produces around 25 per cent of global GDP and has to finance 50 per cent of global social spending, then it’s obvious that it will have to work very hard to maintain its prosperity and way of life,” Ms Merkel said in the interview. <source>

The phrase that I find chock full of irony in the context of maintaining a giant welfare state is “…work very hard…” . The irony is simply that not everyone must “work very hard”, just those on whose backs the rest are carried.

How long will this last? Well, deficit spending, even on a personal level (or especially on a personal level), must come to an end, says Merkel:

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About danmillerinpanama

I was graduated from Yale University in 1963 with a B.A. in economics and from the University of Virginia School of law, where I was the notes editor of the Virginia Law Review in 1966. Following four years of active duty with the Army JAG Corps, with two tours in Korea, I entered private practice in Washington, D.C. specializing in communications law. I retired in 1996 to sail with my wife, Jeanie, on our sailboat Namaste to and in the Caribbean. In 2002, we settled in the Republic of Panama and live in a very rural area up in the mountains. I have contributed to Pajamas Media and Pajamas Tatler. In addition to my own blog, Dan Miller in Panama, I an an editor of Warsclerotic and contribute to China Daily Mail when I have something to write about North Korea.
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2 Responses to

  1. So, the ones that work have to work harder for the ones that don’t work?

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