BBC News: Reports that the Chancellor of the Exchequer George Osborne has stated that a further 4 billion in welfare will be cut on top of the previous announced 11 Billion. All EU and even the US after President Obama is defeated in 2012 will have to scale back welfare, with the funding of the Old Age pensions and health costs the Western world can not afford to support the work shy or more one parent families, the system has to be redrawn, its simple folks, you cant tax at 100% to support welfare, the system will self explode if no reforms. Thus the Conservative or Coalition Governments in the US and the EU will have to take drastic unpopular decisions, otherwise down the line there will be no money, the good days are over folks, those 1960s drugs of lose living and welfare is coming to an end.
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