The problems of many western countries mimic in kind if not in scale the problems of Argentina. Indeed the problems of many households in the west are a microcosm of their governments' collective budget reality avoidance.
"'There is a kind of dialectic at work here: First, the government makes people dependent on it; then the government becomes dependent on the people whom it has made dependent on it. From this infernal cycle, it is not easy to escape. The former head of the European Commission, Mr. Jean-Claude Juncker, once said, of European politicians, “We all know what to do, but we don’t know how to get re-elected once we have done it.”
