Quote:
Originally Posted by Schroeder
Wasn't that always the plan to begin with?
Borrowing money left and right and leave it to our children's children to pay it back.
I believe every western country has been using this "strategy" for the last 40 odd years.
Unfortunately it seems we borrowed faster than our offspring could grow and now our spending is catching up with us and we have to pay the bill ourselves anyway.  |
This is what I see as the collapse of socialism (both sides of The Atlantic).
The baby boomers are coming up to retirement age now, and the system(s) simply can't afford it. The political class are trying to offset this with mass immigration, but the resourses of the land can no longer even sustaine the current populations. Thus a population decrease, as dictated by nature. The longer the political class hold on to their power-base (socialism), the more long term damage they do to their own people.