{"id":953,"date":"2011-08-03T09:37:11","date_gmt":"2011-08-03T16:37:11","guid":{"rendered":"https:\/\/scotshonor.com\/?p=953"},"modified":"2011-08-03T10:38:21","modified_gmt":"2011-08-03T17:38:21","slug":"the-debt-tsunami","status":"publish","type":"post","link":"https:\/\/scotshonor.com\/?p=953","title":{"rendered":"THE DEBT TSUNAMI"},"content":{"rendered":"

The victory over the liberal left with the debt ceiling debate is far more significant than most people realize.\u00a0 It is important to understand that this is merely the continuation of what is happening all over Europe.\u00a0 Following is an article from the UK Telegraph:<\/p>\n

http:\/\/blogs.telegraph.co.uk\/news\/tobyyoung\/100099357\/the-real-story-of-the-us-debt-deal-is-not-the-triumph-of-the-tea-party-but-the-death-of-the-socialist-left\/<\/a><\/p>\n

Our media has not been reporting the truth about the fate of socialism in Europe.\u00a0 In country after country socialism has led to financial meltdown and disaster.\u00a0 The following quote describes what has happened all over Europe:<\/p>\n

Labour was punished by the British electorate last year, polling its lowest share of the vote since 1983, but not as severely as the Social Democrats were by the Swedes, polling their lowest share of the vote since universal suffrage was introduced in 1921\u2026<\/span><\/em><\/strong><\/p>\n

The same picture emerges wherever you look. In the European election in June, 2009, the Left took a hammering. In Germany, the Social Democrats polled just 20 per cent of the vote, their worst result since the Second World War. In France, the Socialist Party only mustered 16.5 per cent, its lowest share of the vote in a European election since 1994. In Italy, the Democrats polled 26.1 per cent, seven percentage points less than they received at the last Italian election. As David Miliband pointed out in a recent lecture: \u201cLeft parties are losing elections more comprehensively than ever before. They are fragmenting at just the time the Right is uniting. I don\u2019t believe this is some kind of accident.\u201d<\/span><\/em><\/strong><\/p>\n

Socialism has never been successful anywhere it was tried.\u00a0 The results are always the same.\u00a0 At some point they run out of money.\u00a0 Margaret Thatcher said it best:<\/p>\n

\u00a0“The problem with Socialism is that eventually you run out of other people’s money.” <\/span><\/em><\/strong><\/p>\n

\u00a0In a totalitarian state socialism can survive for a long time.\u00a0 The people are miserable, but they can\u2019t do anything about it.\u00a0 Cuba is the classic example of that.\u00a0 But in a democracy, socialism always fails and ultimately socialists are voted out of power.\u00a0 Ironically Europe was able to survive socialism for a long time because the United States was the economic engine of the world.\u00a0 But the U.S. elected a socialist government in 2006 when Nancy Pelosi took over as Speaker of the House and Harry Reid took over as Majority Leader in the Senate.\u00a0 When Barack Obama was elected President of the United States in 2008, socialists controlled all three branches of government.\u00a0 The only difference between the U.S. and Europe is that socialism brought down this economy far faster than anyone predicted.\u00a0 Perhaps that is because the U.S. is the economic engine of the world.\u00a0 While we bailed out socialist failures all over the world, there was no one available to bail us out.\u00a0 Those of us who understand the history of socialism knew it would be bad, but not\u00a0this soon, and not this bad!\u00a0<\/p>\n

I now believe that the economic decline in the United States, directly rooted in our slide toward socialism, has ironically proved to be the catalyst to defeat socialism all over the world.\u00a0 There is a world- wide political tsunami sweeping socialists out of office.\u00a0 It has already reached our shores and no one should underestimate its strength.<\/p>\n

TDM<\/p>\n","protected":false},"excerpt":{"rendered":"

The victory over the liberal left with the debt ceiling debate is far more significant than most people realize.\u00a0 It is important to understand that this is merely the continuation of what is happening all over Europe.\u00a0 Following is an … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-953","post","type-post","status-publish","format-standard","hentry","category-latest-headlines"],"yoast_head":"\nTHE DEBT TSUNAMI - SCOTS HONOR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scotshonor.com\/?p=953\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THE DEBT TSUNAMI - 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