It’s HEEERRRRREEEE!

The collapse of huge social spending has been coming for a long time. It’s starting in Europe. We, like fools, elected a government in the last election which is hell-bent on making us more like Europe. Now we will all go down the drain together.

 

 
 

 

 

Fiscal crises  threaten Europe’s generous benefits

 

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May 23, 4:55 PM (ET)

By MICHAEL WEISSENSTEIN

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LONDON (AP) – Six weeks of vacation a year. Retirement at 60. Thousands of euros for having a baby. A good university education for less than the cost of a laptop.

The system known as the European welfare state was built after World War II as the keystone of a shared prosperity meant to prevent future conflict. Generous lifelong benefits have since become a defining feature of modern Europe.

Now the welfare state – cherished by many Europeans as an alternative to what they see as dog-eat-dog American capitalism – is coming under its most serious threat in decades: Europe’s sovereign debt crisis.

Deep budget cuts are under way across Europe.

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