HotAir.com has a post about the impending collapse of the Venezuela government due in large part to Hugo Chavez’s spending on social programs and not paying the contractors that keep his one vital money maker flowing. oil.
What does this have to do with the U.S.? Simple. The U.S. is borrowing heavily from China to fund our social programs and at any time they could simply stop, or keep going to the point where we can’t afford to borrow anymore and worse, not pay anything back. What will happen then?
Here is my favorite part:
Chavez faces another key vote this year. If he stops spending money on his pet projects, he’ll lose the support of the poor, practically his only constituency now. If he doesn’t pay the contractors, though, his entire economy could collapse, creating a huge backlash against the man who claimed nationalization would cure all Venezuela’s ills. Chavez may soon reach the end of his rope, and as Benito Mussolini discovered when his dictatorship resulted in disaster, that’s not necessarily a figurative phrase.
Many in this country also think socialism is the way to go. Newsweek even claims we are already there, that we are just like France.
Will we fore go our failed social programs to save the country? Is that what it will take for people of this country to finally wake up and see what a mess government controlled social programs are and how they are slowing killing us? I’m not generally a pessimist, but I have no faith in the American public. This past election has proven how the ignorant and lazy can elect people into office whose only goal is power and corruption.
Further Reading
Tags: stimulus
