[dennisw]

Obama style government is socialism and feeds off the productive private sector that actually does useful work. In nature parasites are careful not to kill their host or kill it too soon. Socialism is different and will kill the capitalists first

Or will socialist governments default first and go bankrupt first same as the USSR did in 1991?

[Jack Hammer]

Heck, here in the Obama US, full-bore socialism is on the road to becoming tres chic.

[Ghost of Philip Marlowe]

Just when the rest of the world fails due to socialism, Barack Hussein Obama will ride in on his WHITE HORSE and save them all with massive give-aways.

Then, when all industrialized nations fail, he’ll work with a new group of global leaders to establish GLOBAL SOCIALISM.

You see, it isn’t that SOCIALISM has failed. It has not yet succeeded because there are those WHO STILL RESIST IT.

Once you do away with ALL RESISTANCE and TRUST them with TOTAL POWER...then EVERYTHING WILL BE JUST FINE!!!

Trust them. That’s what they demand.

[ricks_place]

It is not the votes that determine the government but who counts the votes. Radical Democrats are very good vote counters. Bankruptcy will be blamed on someone like Geo W Bush. The solution will be dissolution, dissolution of the US Military. Sorry, can’t cut welfare, medical care, social security, government workers. There is nowhere left to cut and no more growth in wealth once Cap & Trade starts.

[Daveinyork]

Sovereign debt could lead to the death of constitutional republics, and an extension of socialism as governments take ever more property to pay their debts.

[Falcon4.0]

"as countries around the globe run out of money and confront overwhelming debts that cannot be repaid "

Doesn't this kind of thing lead to WAR?

[IronJack]

One of thje first steps toward communism is the collectivization of wealth. Once all capital belongs to the state, it can disburse it as it sees fit.

There is certainly adequate wealth in the US to honor our debt. However, there is far too little in GOVERNMENT hands to do so.

The solution: nationalize assets. Like auto manufacturers, banks, health insurance ...

[central_va]

Socialism ushers in the end of human progress. I guess we have advanced far enough. Stagnation time.

[Travis McGee]

Consequently, we are now approaching a fork in the road. One way leads to more socialism, more demagogues and eventually a dictator who promises that he will make socialism ‘work’.

This is guaranteed. Bank on it.

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

~~Ludwig Von Mises

[broken_arrow1]

Winston Churchill: “The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”

[familyop]

Eventually, without a healthy manufacturing base, money has no value. Real products are needed for sustainable trade. So the argument saying that the government will simply print more money to stay in power instead of defaulting is itself, without value. We don’t have enough of the necessary tools and facilities for production necessary to sustain a big government after default.

[TexasFreeper2009]

Socialism and Communism ALWAYS fail eventually.

The better government takes care of the poor... the more poor will be created, until the system collapses. Very few people, if given everything in life they really NEED, will get up off their butts and do something extra to get what they want.

In other worlds, as soon as the majority figures out it can vote to give itself a countries treasury the government will collapse.

The poor should never be given the right to vote. Voting should be a privilege that you have to EARN.