Socialism fails everywhere it is given a chance. It cannot survive, it cannot work for one simple reason. People will ultimately get lazy. If enough people know that they can live off of the state then they will do so. But the problem is, then there are not enough people working to provide the state with the money that it needs to support the people living off the state. You can't give government employees, 20 year jobs then let them retire on full pension for the rest of their lives. You can't keep increasing benefits to people who could work but choose not to work.
President Obama and his academics do not understand this. Primarily because none of them have any real life experience. They are the proverbial "professor" who has never left the classroom and has no real-world experience.
Europe is falling apart but still Obama and the Democrats want to push us into doing exactly what is failing in Europe. I could never understand why here in NJ we watch California do something stupid fiscally, something that totally fails and then we go "ooh let's do that here." Doesn't anybody look at the results of the experiment?
So now we are being led down a path to bankruptcy by leaders who have no business knowledge or experience. Who have never once made a payroll or paid taxes, or done anything truly constructive.
For more information please read this article on American Thinker here
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