Walter Russell Mead points out that the Chaos across the pond is just beginning. Hmmm. It seems that Social Democracy or whatever we want to call President Obama's governing philosophy isn't sustainable. Europe once again shows the way....to failure.
The interesting question isn't that the PIGS are failing again, they always do the same things and their northern 'betters' are demographically destined to follow them. No, the interesting question is why so many US 'elites' think following in their bankrupt path is such a sweet idea.
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