Wednesday, February 17, 2010

Reforming the European Welfare State

This is an excellent article on the realities facing the European "welfare state." In this article the concept of the "welfare state" is explained from the European perspective where the term welfare is not necessarily related to poverty. The American health reform legislation is an example of the European welfare state. This article shows why that model is failing in Europe and what steps are being taken to mitigate financial problems. Our government should not be following Europe down a path they are clearly trying to get off of.

1 comment:

  1. It's now a close race to see which currency will crash first, but I'll give the euro the slight edge over the dollar...for now.