Overnight Open Thread | Main | The Framing Of The Debate (tmi3rd)
May 11, 2010

EU President: euro-socialism is on the verge of collapse

Undoubtedly just a mental lapse on his part to admit this.

...EU president Van Rompuy warned that the bloc risks irrelevance and the end of its expensive welfare programs if it can't speed up economic growth, forecast to expand by just 1 percent this year.

"With 1 percent growth we can't finance our social model any more. With 1 percent structural growth we can't play a role in the world," he told the World Economic Forum in Brussels. "We need to double the economic growth potential that we now have."

Many are skeptical that can be achieved...

So just as the Europeans are clue'ing up that their shit don't work, and money really doesn't grow on trees, the US is dumbing down and looking to follow their failed example.

The New Dark Ages are upon us. All we need are a bunch of Huns and Vandals sacking the joint to make it complete.


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posted by Purp at 01:09 AM

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