The Politics of Socialism, Why it Never Works, and Lessons for the U.S. [Reader Post]

As taxpayers forked over $700 billion to bail out Wall Street and $787 billion to “stimulate” the economy, questions are now being asked about Obama’s economic policies and whether he is leading us toward socialism. The proposed 2012 budget is expected to be about 40% of this country’s GDP, very similar to European socialist states.