In response to:

No Entitlements

dtalley Wrote: Dec 13, 2012 9:50 AM
Revolutionary thoughts. America had a moment of self doubt during the Great Depression when 25% of the workforce was unemployed, which with the norm of one wage earner families meant 25% of the families faced ruin. As detailed by Amity Shlaes in "The Forgotten Man", the Great Depression became so by the political meddling of DC, Roosevelt and the Democratic Party's desire to be relevant and drive to be a necessity to as many voters as possible. It still continues on. Read more on:

SINGAPORE -- While the U.S. unemployment rate "dropped" to 7.7 percent last month -- a figure even The Washington Post acknowledged was due " large part because the labor force fell by 350,000..." -- here in this modern and prosperous city-state of slightly more than 5 million people, unemployment is practically nonexistent.

A taxi driver tells me, "Everyone here works." With unemployment at an astonishingly low 1.9 percent, he is nearly right.

In part, this is due to a work ethic that seems to be in the genes here. But there is something else at work that should astound...