The problem is Greece has had a socialist society with all kinds of entitlement programs for so many years.
Heck they can retire at 53 and claim their pension. Here we have to work till 65. Greeks don't want the government to make cuts their entitlements so they have resorted to rioting in the streets. Three people so far have died as a result.
Quebec also has very generous entitlement programs for years, like $7 a day daycare, cheap university tuition, etc. Even though they receive $8.6 billion in equalization, they still have a debt of nearly $170 billion.
First, the extra one percentage point that Quebec pays on its nearly $170-billion debt translates to $1.7 billion in extra interest each year, money that could be used for many other pressing needs. As an example, over five or six years, it would most likely have been sufficient to pay for Montreal's new teaching hospitals.Greece and Quebec both have an entitlement mentality. They both have all these generous "social justice" programs and both can't balance their budgets. Greece is in deep trouble. Quebec isn't quite there yet but could be unless they wake up and smell the coffee and stop their out of control spending of other peoples money, they will be in deep trouble.
Equalization needs to go. As an Albertan, I'm like a German who doesn't want my money to go to prop up a state who has trouble getting their own house in order. Quebec has become so dependent it's like a junkie with his drugs and it's never enough. They always want more. I say NO MORE!
Lately, Quebecers such as Conservative MP Maxime Bernier have criticized Quebec's overreliance on equalization, saying Quebecers are "spoiled children."
That junkie (Quebec) has to be responsible and go cold turkey, get clean and get their house in order or they will be Greece in the future. I don't want to have to bail them out! They get too much already.
So you have here just two examples of how SOCIALISM DOES NOT WORK!!!
