By: Kerem Oner
December 3, 2010
If you had a child whom you discovered to be a drug addict, would you subsidize his or her drug habit? Let me guess, if you were a responsible parent who wished for nothing more than your child to kick the habit, you would do anything but subsidize their addiction. Unless, of course, you yourself were a hopeless addict.
According to Reuters, at least one U.S. official has indicated that we are ready to support a bigger IMF E.U. stabilization fund. Any which way you slice it, that is U.S. tax dollars aimed at propping up the failing social democracies of Europe, folks.
The falling european dominoes that started with Greece and Ireland is now threatening to proliferate into even larger E.U. economies in Portugal, Spain, and Italy. No one, including the E.U. members, is disputing the fact that the fundamental reason behind all this carnage is their decades long, overly generous social democracies that have reached the tipping point of robbing Peter to pay Paul.
Since even the German government is against expanding the stabilization fund, who better to bail european socialism out than the Obama Administration. When it comes to socialism, it takes one to support one.