Monday, July 25, 2011

Why is the western world in unsustainable debt?

The Steyn explains in simple terms. You truly wonder what part of that lefties can't understand.
The problem is structural: Not enough people do not enough work for not enough of their lives. Developed nations have 30-year-old students and 50-year old retirees, and then wonder why the shrunken rump of a "working" population in between can't make the math add up.
This is why Steyn is, as Rhino would say, "Be-awesome."

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