Tuesday, January 12, 2010

More South America Lessons

That George Santayana Thing

Curmudgeonly & Skeptical

Marc Miller  From Marc M

Rodge ...

More from South America. Lee Rogers read this on his morning show today.I Googled this to find the author, not sure but it's all over the net.First time I've heard the story and comparison. - m 
 
 
I can see why - here's an excerpt ...

In 1916, a new president was elected. Hipólito Irigoyen had formed a party called The Radicals under the banner of "fundamental change" with an appeal to the middle class.  ("Fundamental change"... now where have I heard that?)


Among Irigoyen's changes: mandatory pension insurance, mandatory health insurance, and support for low-income housing construction to stimulate the economy. Put simply, the state assumed economic control of a vast swath of the country's operations and began assessing new payroll taxes to fund its efforts.  (Beginning to sound more familiar?)


With an increasing flow of funds into these entitlement programs, the government's payouts soon became overly generous. Before long its outlays surpassed the value of the taxpayers' contributions. Put simply, it quickly became under-funded, much like our Social Security and Medicare programs.  (And, more!)


The death knell for the Argentine economy, however, came with the election of Juan Perón. Perón

 Doug Ross had this picture essay last year.
 

3 comments:

Anonymous said...

This story cannot be allowed to just die.... It sure would be nice if somoen from the MSM would run with this!

Tetzman

Rodger the Real King of France said...

This is the kind of thing that lends itself to Sarah Palin's new FOX show, if it's format is a "Sixty-Minutes" like, which I hope it is.

Anonymous said...

On last nights show, Glenn Beck did pretty good chart comparison between Chavez and The Wonder Boy™.

marcm

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