World

Obama’s Welfare State Needs Republican Guardians

Nov. 14 (Bloomberg) -- For most of the past century, the U.S. and continental Europe have followed different paths. Social Democrats often ran European governments, which typically taxed and spent a greater share of their national incomes on social programs, such as public health care. The U.S. has been far more conservative.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.