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French Voters Get Bankruptcy
For Social Security

Investor´s Business Daily, by Editorial

Original Article

Posted By:PageTurner, 12/27/2012 10:18:07 AM

Europe: Ayn Rand once said: "We can evade reality, but we cannot avoid the consequences of evading reality." Witness France´s unpaid entitlements, especially its faltering social security system, as a cautionary tale for the U.S. Two years ago, French citizens rioted across the nation, angered by then-President Nicolas Sarkozy´s timid effort to put the country´s social security system on a sustainable footing, by raising the retirement age — from 60 to 62. That minor reform led to Sarkozy and his center-right party being thrown out of office, and replaced by socialist Francois Hollande.

Comments:
Now the French get to live with the consequences of running out of other people´s money. And with all our Obama voters, we are headed down the same path!

  

Post Reply  

Reply 1 - Posted by: Pilot222, 12/27/2012 10:29:34 AM     (No. 9085699)

When BO got elected in 2008 he sat down with Soros and Alinsky and mapped out a plan to change America. Egypt is the laboratory to see how people react to being silently taken over. France was on its way anyway. He wants to go over the cliff. Never let a crisis go to waste. To be continued,,,,,,


Reply 2 - Posted by: Blackeagle, 12/27/2012 11:12:28 AM     (No. 9085803)

Maintaining those vast suburban housing estates full of unemployable Muslim and African immigrants can´t be cheap either.


   

 

  


 
Reply 3 - Posted by: Not your typical New Yorker, 12/27/2012 11:28:28 AM     (No. 9085847)

Alinsky died in ´72.


Reply 4 - Posted by: Pilot222, 12/27/2012 12:47:04 PM     (No. 9086029)

My bad, he died but left the radical´s bible. Meant to write Bill Ayers.


Reply 5 - Posted by: 49 Ford, 12/27/2012 1:03:02 PM     (No. 9086057)

I dunno, #´s 3 & 4. The fallen angel might have arranged for a teleconference.


Reply 6 - Posted by: stablemoney, 12/27/2012 7:10:19 PM     (No. 9086558)

French debt ratios are actually better than the U.S., but they aren´t a reserve currency. We won´t be either after Ben Bernanke is done. Both countries are bankrupt, we more bankrupt than they.



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