Look at it this way. My seven-year-old daughter has a great lifestyle. She has all of her clothes and food bought for her. She goes on great vacations. She has plenty of leisure time. A day doesn’t go by where I don’t look at her and feel envious of how good she’s got it compared to me. But here’s the problem: If I decide to live like her, who’s going to take my place?
Europe is a free-rider. It can only afford to be Europe because we can afford to be America.