Welfare State: Europe's Economic Armageddon - CBN.com

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Uploaded by on Nov 22, 2010

Europe has long prided itself on its generous welfare system. But it's is now facing a grave financial crisis. The Christian Broadcasting Network . CBN.com

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  • i fear it is only a matter of time until another world war happens over money

  • No. Old people deserve their stolen money back. But these ponzi scheme pension programs need to be phased out for younger workers. Sweden, along with many other european countries are lowering their tax rates and phasing out their welfare states. France and England have been raising their retirement ages for their pension programs. And Greece, Italy, Spain, Portugal, are declaring bankruptcy.

  • @TimeWarp66 So what's your solution, take away the pensions of old people? Yeah that sounds like a capitalist solution, all for us nothing for you. CNB is full of lies about the European systems, Sweden has the strongest welfare state in the world, at the same time it is the 2nd most competitive country in the world, surpassed only by Switzerland. USA on the other hand comes in at 5th place, cleary welfare is compatible with successfull economies, CBN's agenda is to bamboozle people

  • @kingofqwerty

    Jesus wouldn't be bankrupting his nation and getting half the population dependent on handouts.

    Europe will fall first, than hopefully America will turn around.

  • in the streets of europe??? when are you guys going to get that europe is a continent of many different countries, not a single nation... it's like me saying "america is controlled by drug lords" just because mexico is...

  • socialism is great, if it all works out. To bad it does not all work out, and in fact gets worse.

  • and this is what democrats are aiming at

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