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Every entitlement typically creates a constituency that benefits from it and is forever dedicated to its defense... and the longer it exists, the more entrenched (and larger) those defenders become. Simply put, entitlements never get repealed.
Earlier this morning we noted that it was looking increasingly likely that Obama's National Security Advisor, Susan Rice, was behind the unmasking of the identity of various members Trump's team who were 'incidentally' surveilled during the 2016 campaign (see "Confirmed: Susan Rice "Unmasked" Trump Team"). If true, of course, this raises a number of questions about the Obama administration's motives and whether various members of his team may have broken laws.
On Monday morning, before the latest series of optimistic rumors and realistic denials was unleashed, Latvia's outgoing President Andris Berzins had a surprisingly accurate observation in an interview with Latvian Independent TV when he said that "this [Greek] debt is so big that everyone understands that it won’t be repaid." We find this statement to be amazing because this may be the very first time an official has actually told the truth about not only Europe's but the global debt crisis,...
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