Margaret Thatcher famously said that Socialism works until you run out of other people’s money. Venezuela has run out of money. Period.
The speaker of Venezuela’s opposition-controlled National Assembly said Wednesday the legislature cannot pay lawmakers or employees because the government has failed to allocate its budget.
Leading opposition figure Henry Ramos Allup told journalists the legislature has run out of money, the latest victim of the crisis gripping the recession-racked country.
“There’s no money to pay salaries this month… because the government isn’t sending us the funds,” he said.
“Lawmakers and employees should know that if we can’t issue their paychecks, they should go to the finance ministry and the presidential palace to collect their salaries,” he added sarcastically.