Europe’s Crisis and the Welfare State: Lessons for America

The heavy debt burdens of Greece and other European welfare states are the result of profligate entitlement spending and a lack of fiscal discipline. The United States is facing its own debt problem, driven by the rising costs of Social Security, Medicare, and Medicaid. The so-called social contract between present and future generations cannot be sustained — political promises will be broken. The newly published issue of Cato Journal examines the influence of the welfare state on Europe’s economic crisis, the reforms necessary to end that crisis, and the lessons America can learn.





Spring/Summer 2013

Vol. 33 No. 2 Subscribe



Europe's Crisis and the Welfare State: Lessons for America

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