Mark Steyn’s column has lessons for us all. The whole thing is good – and I especially enjoy reading his columns since he hosted Rush’s show and I know what he sounds like. A highlight:
Unfortunately, Germany is no longer an economic powerhouse. As Angela Merkel pointed out a year ago, for Germany an Obama-sized stimulus was out of the question simply because its foreign creditors know there are not enough young Germans around ever to repay it. Over 30 percent of German women are childless; among German university graduates, it’s over 40 percent. And for the ever-dwindling band of young Germans who make it out of the maternity ward there’s precious little reason to stick around. Why be the last handsome blond lederhosen-clad Aryan lad working the late shift at the beer garden in order to prop up singlehandedly entire retirement homes?
Read the whole thing, if you haven’t already (and, slow as I am to get to these things, I’m nearly certain you already have). And here’s a blog post about the riots in Greece, which are central to Steyn’s topic of conversation…though you’d never know it by the highlight I chose to copy, would you!
Well, here’s a bit of what Steyn is on about:
So you can’t borrow against the future because, in the most basic sense, you don’t have one. Greeks in the public sector retire at 58, which sounds great. But, when 10 grandparents have four grandchildren, who pays for you to spend the last third of your adult life loafing around?