[ Closed ] Greece (Page 1 of 2)

And the people are rioting becasue they can't retire at age 50???  30% of the population works for the Gov't??? 

I know this isn't supposed to be a political forum and I really try to restrain myself but this is insane.

The country is broke and the people are out in the streets rioting about budget cuts.

Who the Hell do they think is going to pay for it?

The problem with Socilaism is that you eventually run out of other people's money.

Greece is there today and California is next in line

Whew - Now I've got it out of my system and I feel so much better for doing so.

Flame away if you must.

One of the best lines of any speech I've heard came from John F. Kennedy. "Ask not what your country can do for you, ask what you can do for your country". Unfortunately, there are just too many people who feel that the world owes them a living, and they elect the idiots who are ruining this country. Economic strength is the lifeblood of our nation, and we're bleeding to death. Trust me, once our economy goes down the tubes, no one else will step up to bail us out. It'll get worse before it gets better. End of rant.

Yeah, and we can say goodbye to that IMF loan. They will never be able to repay this bailout loan. There could be a domino effect as well....Spain could be next!

~ Brack ~

http://news.bbc.co.uk/1/hi/business/8666545.stm

I know what you're saying ..... but this is the real world, with  the cold hard facts of life.... not, just a scene in a western movie! IMO

Well, I might as well add my 2 cents before this thread gets locked, which it will. I am not an Economist, so I can't explain the financial woes of the World. I can say Nations and people have all been living on credit for too long. But, isn't that the nature of finance. NO bank has the capital on hand that it shows on the books.
  MY gripe is with those that continue to blame all problems on our current President. Do you think we just woke up this far in debt on election day? Why weren't you screaming when GW gave a tax break to the top 1%? (Which cost more than the projected cost of health care reform). Please don't give me the "trickle down" speech. This was Reagan's idea, and it didn't work. Deregulation led to the greed! That, in turn, led to our "melt-down".  I have no problem with companies making profit. BUT, I expect my government to protect me from their greed via regulations. Thus the difference between the right and the left.

As for Greece..I just hope Joe can go back to record as planned.

Go ahead Jim..slam on the cuffs         Cathy, the left

This is why political topics are banned here. I obviously disagree with you, but 10 pages of postings won't change either of our opinions. I do think Campaign Finance Reform would have helped. As it stands, politicians spend most of their time raising money for re-election, which includes making promises that aren't geared towards bettering our lives.
Thus I return to the beauty of Joe fans. We come from varying opinions on many things, but, we all agree about him. Peace to all, C

Here's another 2 cents. The top income folk create jobs in business. Private sector jobs pay for public servants. Public employees do not generate national income, they only consume it. In reality, the wealthiest individuals flee high taxed areas to where they can generate the most return on their investment. Remember the "luxury tax" on yachts? All construction and registration of large yachts owned by that 2% immediatly moved offshore, resulting in the collapse of the job market here in the US that provided support and new construction. The windfall taxes the politicians anticipated by "punishing" the rich evaporated. The law was quietly rescinded a few years later but not before the damage was done. Those jobs are gone forever now, they have moved offshore.
Rick