[norwaypinesavage]

The entire fallacy of this argument is the assumption that a government can spend its way into prosperity. There are hundreds of examples in the dustbin of history that prove this is false. There are no examples of its success. Governments cannot simply borrow, or print money, and then give it to those who don't produce, and then expect prosperity.

Adam Smith knew this centuries ago when he wrote "Wealth of Nations". Hard work and exploitation of natural resources create wealth, not the printing of money. This is true of individuals as well as nations. The nations that discourage hard work and the exploitation of resources are doomed to fail.

[ctdonath2]

The point is that while a government certainly cannot spend its way into prosperity with money it does not have, once you cut off that extraneous spending all the dependents are hung out to dry. Of course, such are the consequences to long-term bad behavior.

Upshot is: Spain is doomed. Hence the title.

[LucianOfSamasota]

Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual.

Have you found a source for this quote? I have found it attributed to Galileo Galilei by François Arago in a written work from 1859, but have not found it in Galileo's actual writings.

[Justa]

Over-regulated socialist economies are doomed to fail. Until we start defining the problem accurately we will not be able to identify a solution. Until then the people of these countries are being played by bankers, policians and complicit media into rank serfdom. A slavery of the will -but that’s the premise of socialism isn’t it?