After the two most recent messages regarding America's trillions of dollars of unfunded entitlement liabilities, that will obviously be reduced by Congress one way or another, & the parallels of our country to Argentina it is only natural to next look @ Greece for more insight on where America is heading under BO's Socialist policies.
The riots & disturbances in Greece are the result of the Socialist Greek government collapsing because the critical mass of public sector union members & paper shuffling government employees' livelihoods can no longer be maintained because there is no wealth creation in Greece by the free enterprise system. Andy Kessler reports that "In Greece, the public sector makes up 40% or more of the work force, with short weeks, lots of vacation, & lavish retirement benefits."
In order to provide a bailout the IMF & other nations in the EU are demanding draconian Greek budget cuts that directly affect the people you see attacking police on TV. Current legislation includes a combination of a higher VAT & excise taxes, reduced pensions & public sector wage cuts. This is the inevitable result as a nation moves down the stages of Death Of Democracy - ironically a piece based on the Athenian Republic some 2000 years ago.
Now some, but definitely not all Greeks, are ready to take their medicine & tighten their belts & hopefully start again - & not necessarily in Greece. The Greeks who interest me are the ones who finally admit that Greece's career politicians who promised anything & everything to get reelected are the problem - sound familiar? With their own livelihoods threatened the rioters are suddenly forced to recognize decades of government corruption, kickbacks, & accounting deceptions that hid Greece's deficits from their own people & the other EU nations.
Even the least discerning of us can recognize that BO has us on a similar path of a much lower standard of living centered around government dependence that will result one day in the same type of scene as in Greece today. The Greeks have figuratively fallen down a flight of stairs & now know that you can get hurt doing this - America stands @ the top of the same type of stairs built by the same type of career politicians & the question is will we learn from all of this or do we too have to take the same tumble?
The Greeks are ready to tar & feather their politicians & run them out of Greece on a rail. The smart Greeks know that they have been complicit in voting for the same Death Of Democracy politicians & vow to never make this type of mistake again. This gives Greece hope if there still is enough of these people - it is never too late for the human spirit to start again.
For me, if the statists somehow stay in power after the November elections, Americans of substance will have to ask themselves @ what level will they have had enough of a world turned upside down where right from wrong can no longer be distinguished. If the peaceful election process fails because people of substance are simply outnumbered we can't start soon enough to begin a similar tar, feather, & rail house cleaning of Congress & the White House. I just don't think people who have created wealth & a decent standard of living all of their lives are going to see it taken away from them for no good reason without a fight. This image is the opposite of what is happening in Greece today where the statists are the rioters - in America it will be the people of substance who must take charge when things get bad enough for them.
The aptly named Greek architect & engineer Pericles Papapetrou hopes that all of this does not end in Greece with "an explosion of young people with no future." That is precisely my hope for America as we continue to face BO's treacherous challenge to our way of life.
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