Europeans have been living in the moment for years. Spend now…forget about tomorrow. No babies. No savings.

Guess what? The future has arrived and it aint pretty. The economies of Greece and Italy are collapsing. Not coincidentally, they have had extremely birth rates for years.

As Mark Steyn puts it

If the problem with socialism is, as Mrs. Thatcher says, that eventually you run out of other people’s money, much of the West has advanced to the next stage: It’s run out of other people, period.

 

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