For years American socialists cited Sweden as the nation we should emulate and now Barack Obama seems to agree. But as Margaret Thatcher once noted socialism fails when you run out of other people’s money. Alas, the unfunded liabilities in Sweden and the United States serve as a vivid reminder that at some point you must pay the piper.

The mounting debt across the European continent is weight on the shoulders of every resident. But apparently the Swedes are either blind to their predicament or choose to avert their gaze. How else can one explain proselytizing new immigrants so they request there government goodies?

The dream of a world of plenty, a cornucopia of all you want, has been transmogrified into a nightmare of debt and shattered promises. Sweden was the dream and for some it remains so, but the illusion cannot persist. The newly arrived immigrants instructed with Sweden’s social values will soon become jaded when give-a-ways disappear as quickly as soap bubbles.