Once a majority of a country’s voting-age population is riding in the wagon of government dependency, it is very difficult to build political support for reform. Now I have another story that perfectly symbolizes Greece’s dysfunctional situation.
I don’t believe in the Trilateral and Bilderberg conspiracies. But I do believe that our world leadership suffers from a severe case of intellectual, political and corporate inbreeding that’s led them to dangerous defects in their vision for which there is no cure but cultural, financial and social death.
Let’s start with a look at the number of bureaucrats over time in Greece. You don’t need to read Greek to see that featherbedding exploded over the past 35-plus years.
Everyone who knows that wealth underwrites all security arrangements should appreciate an unadorned but profoundly reverent epitaph for Margaret Thatcher posted this week on a national defense and military history Internet discussion board: "Without her England would have become Greece before Greece became Greece."
Cyprus is about to prove what anyone with common sense already knew, that Greece will not be the only country requiring haircuts on sovereign bonds.
As 2012 ends, the Greek debt crisis continues. In December, the Greek government began restructuring its debt for the second time this year.
FERTILITY IN AMERICA has been declining for years. According to the Pew Research Center, the nation's birth rate hit an all-time low in 2011 – just 63 births per 1,000 women of childbearing age. It was almost twice as high – 123 births per 1,000 women – at the peak of the Baby Boom in 1957.
The incomparable Walter Russell Mead, writing in the American Interest, offered a glimpse into the coming dystopia: "Things are getting worse in San Bernardino. The city filed for bankruptcy earlier this year, but its financial situation has continued to deteriorate. And now with what promises to be a heated court battle over payments to the state pension fund in the offing, further cuts are likely.