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The Welfare State's Reckoning

By Robert Samuelson - December 5, 2011

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WASHINGTON -- We Americans fool ourselves if we ignore the parallels between Europe's problems and our own. It's reassuring to think them separate, and the fixation on the euro -- Europe's common currency -- buttresses that mindset. But Europe's turmoil is more than a currency crisis and was inevitable, in some form, even if the euro had never been created. It's ultimately a crisis of the welfare...

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Robert Samuelson

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