karl Posted June 4, 2010 Posted June 4, 2010 Three have died already this month in massive riots in the streets of Athens which are in danger of re-erupting. Paralyzing strikes from civil servants, so used to getting so much largess for doing so little for so long. A $145 billion bailout is in jeopardy with the big dogs of the EU, Germany chief among them, expressing serious concerns that the austerity measures demanded of Greece as a condition to merit the loans will ever come to fruition. Given the revised deficit projections and a public that seems unwilling to admit that their free ride brand of socialism as expressed in a financially unsustainable pension structure is collapsing, who can blame Europe? Greece is bankrupt. Their debt is 108% of GDP and will climb to almost 150% by 2013 when the bailout loans would come due. 25% of Greek taxes will go to service its debt — to mostly foreign investors. Consider then that as of 1 May 2010, the US Treasury Department spent so far this year $224 Billion of your money on interest payments to the holders of the National Debt. Compare that to NASA at $19 Billion, Education at $53 Billion, and Department of Transportation at $73 Billion. Debt is killing us just as surely as it is killing Greece. Our GDP in 2009 was 14 trillion. Our national debt in 2010 just hit 13 trillion. Do the math, folks. We're not that far behind Greece. Our major social entitlement programs of Social Security, Medicare and Medicaid, are bankrupt. We are waging foreign wars almost entirely on our own — so that Europe doesn’t have to. And now we have just enacted the mother of all entitlements in Obamacare that only the most wishful of thinkers (or a cynical Democratic Congress and White House) would argue is anything but a multi-trillion dollar debt dog piled on top of an already strained budget. Of course our gargantuan economy is much more vibrant, diverse and robust than Greece’s. But we are already seeing within our borders mini-Greeces popping up at the state level. 41 states currently face budget shortfalls and the effects are already being felt. Please! Get RID of the stinking liberals. DO NOT VOTE FOR ANYBODY WHO IS NOT WILLING TO SLASH GOVERNMENT SPENDING IMMEDIATELY. The life you save could be your own. Quote
karl Posted June 5, 2010 Author Posted June 5, 2010 BONNIE that is an interesting article with a lot of insight dgrimm60 BONNIE?? Wherefore art thou, Bonnie? Quote
bonnie Posted June 5, 2010 Posted June 5, 2010 Originally Posted By: dgrimm60 BONNIE that is an interesting article with a lot of insight dgrimm60 BONNIE?? Wherefore art thou, Bonnie? Oh I am here,just like a migraine lurking in the background. Quote Everything you do is based on the choices you make. It's not your parents, your past relationships, your job, the economy, the weather, an argument, or your age that is to blame. You and only you are responsible for every decision and choice you make, period ... ... Wish more people would realize this. Quotes by Susan Gottesman
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