…is that eventually, you run out of other people’s money.
Margaret Thatcher was right, much to the French Socialist’s chagrin. The CNBC headline reads:
Cash-Strapped French Socialists Face Reality of Austerity
I’m sorry, Socialists of France, but A = A. No amount of wishing (known here in the US as “Hope and Change”) change change that simple equation. Accept it, and the reality it implies, and things will eventually get better.
Fail to accept it, and the lights will eventually go out.