Nicolas Sarkozy warned French voters Thursday they should re-elect him as president to pursue his cost-cutting plans or face the kind of debt crises that have gripped Greece and Spain. Read full article
I'm not a fan of Sarkozy but he does have a point. Further to this the last socialism Government Britain, 'New Labour' AKA 'Nu Liarbour' where just as bad.
I remember Margaret Thatchet one said, 'the problem with socialism is that you will eventually run out of other people's money.'
And she was spot on. Socialist governments tend to try and buy votes by instituting all kinds of programmes. That's fine in and of itself, but they're not very good at funding these programmes. So they sell the country's reserves, and spend the money, then they borrow money and spend it. Then what's even worse, they borrow money to pay back the original loan, and the cycle continues until the state of the country's finances can not longer be hidden, and then wonder why the general public vote them out.
It's only when the economy starts to collapse that the ordinary man in the street suddenly begins to realise that there's no such thing as a free lunch.
Comments
Disclaimer & comment rulesI don't feel like going to chat with likely friends from France,
Apr 09th, 2012 - 02:55 pm - Link - Report abuse 0if is from Madagascar ,why not ,it could be..after all the intenet is free.
Laughter.....Laughter.....MNOPT
I'm not a fan of Sarkozy but he does have a point. Further to this the last socialism Government Britain, 'New Labour' AKA 'Nu Liarbour' where just as bad.
Apr 10th, 2012 - 09:39 pm - Link - Report abuse 0I remember Margaret Thatchet one said, 'the problem with socialism is that you will eventually run out of other people's money.'
And she was spot on. Socialist governments tend to try and buy votes by instituting all kinds of programmes. That's fine in and of itself, but they're not very good at funding these programmes. So they sell the country's reserves, and spend the money, then they borrow money and spend it. Then what's even worse, they borrow money to pay back the original loan, and the cycle continues until the state of the country's finances can not longer be hidden, and then wonder why the general public vote them out.
It's only when the economy starts to collapse that the ordinary man in the street suddenly begins to realise that there's no such thing as a free lunch.
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