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Welfare-State Parasitismby Jacob G. HornbergerAug. 04, 2015 |
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 If Americans want to see where our country is headed, all they have to do is look at Greece, the country whose government spent and borrowed the nation into bankruptcy. But now we have another welfare-state “success” story much closer to home — Puerto Rico, whose government, which is deeply in debt, has just defaulted on its bond payments. Just like in Greece and just like here in the United States, the Puerto Rican government has long been spending much more than it brings in with taxes. How does it do that? Easy — it just borrows the difference. Read More 
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