More economic common sense

Have you ever found an article that says what you want to say, but says it a lot better than you can. This article on Greece, Ireland, and the European economic crisis says it all and has a message for America. Government financed job-creation programs only create temporary jobs, increase the deficit and exacerbate economic uncertainty. The unemployment rate in the U.S. is not going to go down markedly until the private sector feels confident enough to invest in America. That's one thing that the left and "occupiers" don't seem to get.

Great piece from Thomas Sowell

Great article by Thomas Sowell. Although I do not always agree with him, and use of the term "degeneration" may be a little strong, in all 3 parts of this series he pretty much hits the nail on the head. Especially relevant is his statement: "Our elites often advise us to learn from other countries. They usually mean that we should imitate other countries. But it may be far more important to learn from their mistakes -- the biggest of which may be listening to fashionable nonsense from the smug intelligentsia.These [western European and Mediterranean] countries show us where that smug nonsense leads. It may be a sneak preview of our own future". Please read the prior two parts. Part Two is here.