Simon Black on Ukraine:
In a leaked version of a new budget proposal (in Ukrainian), we are seeing the drastic extent to which bankrupt governments feed on their hosts.In the U.S., why wait for the inevitable?
The proposal includes measures to cut public education in Ukraine from 11 to 9 years. And more importantly, education will no longer be funded by the state.
There will be no more free food for children in school or for patients in hospitals, and healthcare will no longer be completely state-funded.
The government is also proposing to drastically reduce pension benefits.
Women will have to work 10 more years in order to qualify for a pension, and men an additional 5.
They’re also proposing to FREEZE pension benefits, i.e. no longer adjusting them to the rampant inflation that’s unfolding in Ukraine.
They’d also like to do away with a number of other public services; they’ve proposed slashing the number of judges, prosecutors, and police.
They’ve even proposed reducing the number of members of parliament from 450 to 150.
I loved Lew Rockwell's Thirty-Day Plan & The Next Thirty Days back in 2007, and I'm still a huge fan of it today.
Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.
