Here's a crazy statistic from California:
"California has one-eighth of the nation's population but one-third of its welfare recipients. According to BusinessWeek, "it is one of the few states that continue to provide welfare checks for children once their parents are no longer eligible." There's nothing new about the handout strategy. As far back as 140 B.C., Roman politicians found that the way to win votes is to give out cheap food and entertainment, what came to be known as "bread and circuses.""Wow.
The IMF is recommending capital controls in Spain. Coming soon to the US.
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