Quote:
Originally Posted by villagegolfer
USA has been spending for defense big time since WWII. Europe didn't have that albatross around their necks and yet they still have over spent. Why? Their socialist-union policies.
We are now heading down the same path. If we do not stop the socialistic tendencies that have infiltrated our policies, we are doomed as they are.
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I might debate that the problems being encountered by some of the European countries have little to do with political ideology, but rather result from the same type of governance that got us into the financial problems where we find ourselves now.
For more than a decade our government operated with virtually no long term economic or fiscal planning, assessment of risks, with absolutely no attention to the sustainability or affordability of alarming, repeated and escalating deficit spending. That was all done under the control of Congressional leadership and control by both our political parties.
Where we find ourselves and where we're going has little to do, in my opinion, with political ideals. It has a lot to do with irresponsible, selfish and short-sighted governance.