Skip to comments.Europe and Britain sinking under weight of welfare costs
Posted on 10/09/2012 5:59:32 PM PDT by bruinbirdman
Its not just that much welfare spending has become bloated, unfair and sometimes outright corrupt, it is also that it is no longer economically affordable.
So how did Mr Nasty aka George Osborne do? I give the Chancellor a qualified thumbs-up for his party conference speech, even if the word growth was almost as absent from his rhetoric as deficit was last week from Ed Milliband. Osborne is as unforthcoming on how to get the economy growing again as the Labour leader is on dealing with our debts.
We can quickly dispense with the shares for employment rights initiative this was just an irrelevant gimmick which will struggle to gain traction even in start-up companies.
But in choosing to focus so strongly on the need for welfare reform, the Chancellor put his finger on the nub of the problem, not just for Britain, but for virtually all advanced economies.
Its not just that much welfare spending has become bloated, unfair and sometimes outright corrupt, it is also that it is no longer economically affordable. Osborne couched his case in highly political terms, as you might expect after the latest British Social Attitudes survey.
This showed a high degree of public support for further cuts in welfare spending. Where once the Tories were regarded as cruel and heartless for wanting to slash benefits, it now seems that they cant be tough enough. Politically, Osborne is therefore pushing at an open door when he says this is not just about saving money its about fairness and enterprise.
How can we justify the incomes of those out of work rising faster than the incomes of those in work, he asks, or giving flats to young people who have never worked when working people twice their age
(Excerpt) Read more at telegraph.co.uk ...
Even less so when you import Muslims who go on welfare...with all their brides. Simply suicidal.
Au contraire. Numbers matter. You can't refute reality when you have unsustainable programs. The rubber met the road in Greece and is in progress in Spain, Italy, and Portugal. Reality is a bitch.
Let's not forget that "PIIGS" includes Ireland who started the whole thing.
Bankrupt Ireland turned over its fiscal sovereignty to the European Council long before Grease and Portugal.
Tea Party and the "historic" midterms of 2010.