US Refuses To Take Real Reform Steps
The Market Ticker ® - Commentary on The Capital Markets

To wit....

"The present government has done absolutely nothing during the last 12 months to speed up privatizations, reduce the public sector or open up closed professions," (elided), a leading economic analyst, told me recently in an interview. "In these 12 months it has not fired even one civil servant. The only thing it is doing is trying to tax the private sector out of existence. Why should we believe that they will do something different now?"

Oh wait..... we're not talking about America in this regard, are we....

Oh yes we are.  The same disease infests us as infests Greece.  While Obama prattles on about hiring more cops, hiring more teachers, protecting the civil servants of all stripes -- and not only during their tenure, but also in retirement -- he at the same time proposes taxing the private sector out of existence.

Isn't it funny how The Wall Street Journal is all to happy to print that OpEd regarding Greece, but not a word on the same subject in America?

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