Unsustainable...

Gipper

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"What we're seeing in Greece is the death spiral of the welfare state. This isn't Greece's problem alone, and that's why its crisis has rattled global stock markets and threatens economic recovery. Virtually every advanced nation, including the United States, faces the same prospect. Aging populations have been promised huge health and retirement benefits, which countries haven't fully covered with taxes. The reckoning has arrived in Greece, but it awaits most wealthy societies." --columnist Robert J. Samuelson

"Anyone who thinks Greece isn't the proverbial canary in the coal mine is in a coma. See if this sounds familiar: out-of-control spending, a bloated, self-entitled public service sector, a mountain of accumulated debt, trillions of dollars in unfunded mandates -- and a corrupt political class completely out of touch with the people. With precious few exceptions, what nation couldn't be plugged into the above description?" --columnist Arnold Ahlert

Now what do American libs and progressives say about this? How do they fail to see that big government programs and deficit spending is economic suicide?

Oh I know....its the fault of capitalism. Makes sense to...them.:eek:
 
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Yeah this really needs to be understood a little better!

Greece is an economic basket case, so for that matter are Greeks generally! They're a bunch of mediteranean fruitloops that swill wine, riot when they're bored and do pretty much bugger all in the way of gainful employment and now having bolloxed up their country because they lost the brain cell ( I think they had one which they shared around....) they now expect the European Bank and the IMF and the rest of Europe i.e. the Germans, to bail them out.

I think even you would have a hard time translating that into a critique of American "lib and progressives" economic policy!!??
 
Yeah this really needs to be understood a little better!

Greece is an economic basket case, so for that matter are Greeks generally! They're a bunch of mediteranean fruitloops that swill wine, riot when they're bored and do pretty much bugger all in the way of gainful employment and now having bolloxed up their country because they lost the brain cell ( I think they had one which they shared around....) they now expect the European Bank and the IMF and the rest of Europe i.e. the Germans, to bail them out.

I think even you would have a hard time translating that into a critique of American "lib and progressives" economic policy!!??

not realy, you would be shocked what he can do with facts that don't actually suit what he wants to say.
 
Yeah this really needs to be understood a little better!

Greece is an economic basket case, so for that matter are Greeks generally! They're a bunch of mediteranean fruitloops that swill wine, riot when they're bored and do pretty much bugger all in the way of gainful employment and now having bolloxed up their country because they lost the brain cell ( I think they had one which they shared around....) they now expect the European Bank and the IMF and the rest of Europe i.e. the Germans, to bail them out.

I think even you would have a hard time translating that into a critique of American "lib and progressives" economic policy!!??

Really? I mean really? Comparing Greece to American liberalism and progressivism is easy and anyone paying attention to current events can do it.

What are American liberals and progressives promoting today? They are for huge centralized government, high taxes, onnerous regulations, high government/union employment with great pensions, pay, and benefits; unsustainable deficit spending, and on and on...Just like guess who????????? GREECE!!!!!!!!!!!!!!!!!!!

It is unsustainable and will TRANSFORM the nation which is the plan of the American Marxists who now run the government.

Libs like pockets and maybe you are blind to this so I forgive you. But, when we stand side by side above the slit trench awaiting a few ounces of lead, I will get great joy in saying..."I TOLD YOU SO...YOU DF!!!"
 
I understand the last set of US economic figures was pretty good! I understand the last set of Greek economic figures was pretty bad!

US growth was +3.2% for Q1 2010 which seems to point to a sustained improvement - I guess that means that recovery is well on track. Consumer spending is +3.6% in Q1 2010 ahead of the 1.6% for the same period in 2009.

Okay so we've put the Greek econmic comparisons part of the post to bed now we're just left with the "I don't like the gol'darn Libs" part which is an expresion of the bleeding obvious.

Ah yeah.... as for my politics the missus says I'm a political dinosaur because I still think Thatcher was pretty cool!
 
Apparently you are not getting the news over there. That's what I like about you libs. You don't know the facts so you claim my facts are merely partisan attacks. Are you a Dem politician or maybe you work for MSNBC?

Here are a couple articles in the left wing press that will help to inform you. Its all over the media here. So, I am surprised you missed it.

Why is US debt situation worse than Greece's?
http://www.csmonitor.com/Money/Donald-Marron/2010/0517/Why-is-US-debt-situation-worse-than-Greece-s


Schwarzenegger compares California's woes to euro zone
http://www.reuters.com/article/idUSTRE64D6JZ20100514?type=politicsNews
 
yeah..... still not convinced one of the worlds largest economies is about to be propped up by the IMF but as you say I guess I'm not reading all the runes correctly. I assume that there is an underlying point to the hyperbole?


I guess you've never heard of Margaret Thatcher then?
 
Its nice to know you Euros think the US economy is so great. With around 20% under and unemployment, its not. With debt under W and BO exploding, it is UNSUSTAINABLE. My point again, it is UNSUSTAINABLE just as it is unsustainable in Greece.

I know the UK and much of Europe is much worse off. But, that does not mean the US is in great shape. You are comparing a rotten apple to a semi rotten one. They are essentially the same.

We are following the UK's historic path into the ash heap of history by imposing socialist policies. Another way to say this is, we like you have too many liberals and progressives running the government. And, now we have a Marxist administration.

You would think Euros would know this is not going to end well.
 
Well well...

Here on the front page of the leftist USA Today by a leftist U of M professor they point out the unsustainable policies promted by Dems and Progressives. Yet, many libs fail to see the trouble we are in or like some here at the HOP, claim this is nothing more than fear mongering. Crazy!

The trend is not sustainable, says University of Michigan economist Donald Grimes. Reason: The federal government depends on private wages to generate income taxes to pay for its ever-more-expensive programs. Government-generated income is taxed at lower rates or not at all, he says. "This is really important," Grimes says.
http://www.usatoday.com/money/economy/income/2010-05-24-income-shifts-from-private-sector_N.htm
 
Deficit spending and unbridled growth of government is not sustainable over the long haul, correct. I think most people who are paying attention know that.


It is interesting to me that you choose as your avatar and hero the American president who presided over the beginning of that deficit spending while advocating even more spending than Congress was willing to support.

Just what is your definition of "lib" and "left" anyway?
 
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You guys need a real history lesson. Not the revisionist history that you have been brainwashed to believe. And, I am the man for the job.

Reagan's budgets were "dead on arrival" every year by your buddies the Dems. Remember that fat drunk Tip O'Neil who just happened to be the Majority Leader in case you did not know...he shot down every one of Reagan's budgets.

Reagan was a pragmatist. He focused on ending the liberal nirvana...the USSR...remember them??? So, he had to give the Dems all their spending so he could rebuild our military after the horrendous debacle that was the Peanut Farmer's reign of failure.

Also, you might read the Constitution. The Congress controls the purse strings. Not the president.

Your REAL history lesson is done for today. But, if you have any questions, just ask.
 
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