Chaotic and socialist, Greece upset the European apple cart recently when they failed to curtail unsustainable government spending. Greece has been on a collision course with reality for years and now has to be bailed out with a $1 trillion package to avert their crisis from spreading throughout Europe. Billions will come from the U.S. taxpayer.
What Greece has done sounds so familiar: running unsustainable budget deficits with lavish government spending on unions, early retirements, impossible labor laws, subsidizing failing businesses, Madoff-like accounting practices and socialized health care. It sounds like Barack Obama’s “I Have a Dream” speech.
Obama, if he keeps us on this same trajectory, is setting the stage for our own Greek tragedy with the odious debt he, Pelosi and Reid are piling upon us. Always thinking a speech solves a problem, Obama had his budget director issue a statement that “out-of-control deficits will mortgage our future.” This statement took Americans by surprise: Obama has a budget director?
Greece, because of its socialist policies, does not have much of a private business sector to tax anymore. They are failing over just $388 billion in debt, to which Obama probably said “that is so cute: $388 billion. We hide earmarks that big.” I am still not sure how they are spending $1 trillion to bailout a $388 billion debt, but I never understood government math.
Since Greece is now a part of the Euro currency, they have no incentive to be financially responsible—just as we Americans will have no incentive to not smoke, drink or watch our weight when we are all tied together with ObamaCare. When everyone is responsible, then no one is responsible. Entitlement societies always fail.
The Senate rejected Sen. Jim DeMint’s (who has remarkably fresh breath) amendment to prohibit the IMF from using U.S. taxpayer money to bailout foreign countries. The U.S. is 17 percent of the IMF funding, which means we get IMF’ed again.
And it gets better. Rather than pass it as stand-alone legislation, President Obama asked Congress to hide the $108 billion in a war-spending bill to send money to our troops. How is that for “transparency?”
Worry not, Obama has a team working on this crisis and have uncovered a distant Greek relative of George Bush, “Dubya-nopolis Bush” to blame this on. He was also in a fraternity, so they think they have a case.
No doubt, if there is a debt party, you know the U.S.A. will be invited. And the lazy entitlement-minded rioting over being made to retire at 55 instead of 54, Greek “workers” will be bailed out so they can get back to what they do best: sleeping late, then drinking Ouzo, playing bouzouki, dancing drunk, and smashing dinner plates in a bar fight.