August 2, 2012

Hollande's First Step Backward

Hollande’s First Step Backward
“Across Europe, demographic trends are lighting fuses for a fiscal bomb more quickly than national governments' (mostly sluggish) reform efforts are defusing them. Today there are four workers for every pensioner in the EU; by 2050 there will only be two. This is inevitable when people live longer and have fewer children...”

Comment: Amazing that the French refuse to acknowledge the Greek future that awaits it in such decisions. Compounding its addiction to socialism is its woeful demographic situation, an area where the U.S. maintains a decisive advantage.

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