Paul Ryan on EU Economic Crisis: "What We Are Seeing Is the Failure of European Socialism & the Social Welfare States" (Video)
Posted by Jim Hoft on Monday, May 10, 2010, 11:07 AM
“What We Are Seeing Is the Failure of European Socialism & the Social Welfare States”
Rep. Paul Ryan (R-WI) talked about the financial crisis in Greece this weekend on Up Front with Mike Gousha. Here is what the popular and brilliant Republican had to say about the European financial crisis:
Rep. Paul Ryan sends a warning:
“I am enormously concerned. First of all, Greek contagion can spread to some of these other countries like you said. What this basically is… It is so ironic coming from the cradle of Western Civilization. What we are seeing is the failure of European socialism and social welfare states. What is basically happening here is this sovereign debt crisis could come over and spread to us. We’ve got to make sure we put in the right kind of fiscal controls, the right kind of balancing to prevent this from happening. Because what’s happening is the markets are questioning the viablility of sovereign debt. The markets are questioning whether or not governments are going to be able to live up to all the promises and debt that they have racked up… Sooner or later you run out of spending other people’s money with welfare states.”
Sooner or later you run out of spending other people’s money.
Barack Obama tripled the US budget deficit his first year in office.
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Published May 24, 2012 at 8:46 pm - 87 Comments
gus commented:
I’m proud to know Paul Ryan.
Truth Seeker commented:
Ditto! – from Mount Pleasant, WI
jonasay commented:
I don’t get it. If we punish hard work with higher taxes and we reward laziness with welfare, then we get more wealth production.
Impossible to understand the mind of a liberal. Paul Ryan is one of the few who get it.
avery commented:
Have much money that we don”t have to help bail out Greece did Omaba give them.
Andreas K. commented:
Paul Ryan is absolutely right with this.
listingstarboard commented:
Ryan/West 2012
bill-tb commented:
It’s sad as Obama-Speak wants to emulate Europe that Europe would fall flat on it’s socialist face. Sigh, the money ran out.
Ryan is one of the few who understands.
rabidfox commented:
#4, I’ve seen it estimated that our portion of the IMF funds for Greece amount to around $35M. We provide a healthy chuck of the funding for the IMF.
TruthSeeker commented:
Interesting article from Nov. ’08 (What no politician wants to tell you):
http://www.globalsecurity.org/wmd/library/news/ukraine/2008/ukraine-081124-rferl01.htm
Can the IMF handle this much work? Is its culture consistent with such a rush of applications? Will its contributing countries — themselves caught unawares in the same crisis — be able to make up any shortfall?
Exchange from article: RFE/RL: You make it sound as if what the United States does is extremely important.
Lachman: Oh, no, no. What the United States does is more than extremely important. It’s key. The United States has to come up with some sort of policy package that is very coherent, is very believable, it’s got to really be instilling confidence, because otherwise we’re really in deep trouble.
RFE/RL: Ultimately, where do you stand on this? Are you optimistic or pessimistic?
Lachman: I generally tell people I’m realistic, and I think in my own mind that I’m right. People have called me pessimistic the whole of last year, but when I look at events, events are a lot worse than I thought they were
Dave in Houston commented:
How come nobody is offering free beer with any of these generous social programs nobody can afford in civilized world?
If we are going to wake up with a nasty hangover when this all comes crashing down, at least we can have a real hangover to make it worth our while.
squeaky commented:
[Operation Welcome Home advocates moving homeless into foreclosed homes]…..wasn’t acorn trying the same.
http://www.wkowtv.com/Global/story.asp?s=12457133&clienttype=printable
ogee commented:
@squeaky
They can’t take over someone else’s property. It belongs to the investor who loaned the money. This is outrageous. This is theft and trespassing.
Amy Proctor commented:
I LOVE Paul Ryan. Not only is he hot eye candy, he’s so spot on about these issues it’s fantastic.
Hopefully the American people will wake up sooner rather than later, or just color us Greece.
UpChuck.Liberals commented:
Our Beloved Leader has a very nice source of funds for his Socialist Dream, OUR RETIREMENT ACCOUNTS.
Of course he and his buddies (AlBore) will be exempt, after all someone has to keep their wealth together for the peoples benefit.
Andreas K. commented:
German budget for 2010: 320 billion Euros.
Cost of the German welfare state in 2010: 150 billion Euros.
Nuff said.
Chisum commented:
“”And today, I’m happy to report that we received some very encouraging news… I should also note that the unemployment rate ticked up slightly from 9.7 to 9.9 [percent].” President Obama, May 7, 2010.”
http://www.americanthinker.com/blog/2010/05/graph_of_the_day_for_may_11_20.html
Gil commented:
Please.. can Paul Ryan be President next?
Pretty please?
ProLifer commented:
Paul Ryan is also Pro-Life.