Wanna see what the US will look like in a few short years? Google “Riots in Greece,” and you’ll see our future if the road we are on remains unchanged. It’s sorta like the Dickens novel “A Christmas Carol.” When old Marley’s ghost visits, he gives Scrooge a choice. The US stands at the crossroads of a similar choice.
The unrest in Greece is over economics – nothing more. This is where we are headed if we trundle down the garden path of deficit spending, massive national debts and unfunded liabilities, promising everything to everyone. Money is a finite thing – there is only so much of it. When we run out, despite the tendency of this administration, printing it to make more is not the wise decision. World history is clear on this.
So, what does Greece have to do with us? Greece is so bad off due to huge government payrolls and pensions that now their chickens have come home to roost, they are in big trouble. Greece is telling the citizens they are cutting everything to survive and seems Greek citizens are not willing to hear that with any decorum.
They’re descending into a slow burn of destruction because of progressive government. The government promised everything to everyone and now that it’s time to pay the piper and there is not the money to deliver on the promises, people are rioting. Banks are collapsing all over Greece. Unions are up in arms.
So whatcha think the US future looks like given the current spending and wish list when coupled with the economic realities? Do ya know that government is the only sector growing in size? Instead of the wealth generating private sector growing, thus increasing government revenues, this administration tells us huge government is the real tool of economic success. Google the truth and when ya see Greece’s reality, come back and tell me Obama is correct in his promises.
This is our future if our path is not altered. The unsustainable spending and skyrocketing deficits are the effort of a political movement seeing their one chance in a lifetime to get as many of their hollow promises down in law as possible before they are thrown from office.
Spain has proven green jobs harm the economy. Greece’s now junk bond status will lead to total financial collapse. Greece demonstrates even the most sophisticated of peoples can and will descend into anarchy given sufficient impetus. Clearly government not honoring their promises leads to what we see. It can and will happen here if our current path is not altered – believe it.
It will not be too awful long before the spending and deficits lower our bond status. Then our debt will climb even more. On our current path this administration will just print more money – monetizing the debt, and the results will be Athens as the news demonstrates. Government cannot deliver on its promises. Anyone counting on government to do so will be the ones left swinging, and as we see in Greece, they are the ones doing the rioting.
The US example is slightly different. We are not YET a full blown progressive paradise, so we are not yet mired so far as to be irreversible. Starting this very minute, fiscal responsibility from government will see the threat melt away. Bush’s last budget was about $3 Trillion with a $350 Billion dollar deficit. Obama’s budget is higher than that with a $1.5 TRILLION dollar debt FOR ONE YEAR ALONE!!!!! This is not rocket science.
To head this off we need to stop spending more than we take in and I mean now. We need to cut EVERYTHING! We need to not just live within our means but we need to pay down the debt.
This whole deal the progressives are engaged in is like Nero fiddling. Government has promised more and more without the ability to actually deliver on it’s promises. We’ve made it since FDR because we are rich, trusted and have always paid our debt, but that time is closing. Now we are spending way, way more than we bring in, yet this current government promises more and more, increasing spending and drastically increasing deficits.
To generate wealth – personal, governmental or societal – more money needs to be earned and saved than spent. If one’s wealth is entirely on paper, what are the results? Look at the dot.com millionaire who was filthy rich ON PAPER, but at the dot.com bust they were as poor as church mouses again.
So what happens when almost every American’s wealth, most of which is on paper and not hard and tangible assets, loses a great portion of it’s value and government can do nothing at all? Will anarchy rear its head here too? If so we better remember Greece is a tiny nation compared to the US, so magnify the results here for the maximum effect and tell me what ya see. Banks close, commerce slows to a trickle and anarchy will descend upon us.
I study Human history it’s clear as to how this works. I mean the French Revolution was brought on by MONEY – look it up. It was not some new and wonderful ideology that caused the storming of the Bastille – it “was the economy, stupid.”
Pretend that Man can be engineered to do societies bidding and you are on a fool’s errand. As long as the pockets are filled, or promises of future filling look possible, some men can be appeased and placated. But based on what we are seeing, once the placated feel misguided and lied to they react rather poorly.
If one does not wish to discover how the Grecian reality plays out in a land of 310 million plus people, we better make damn sure we elect people with the political will for fiscal responsibility, and btw, that responsibility crosses party lines. I am not attacking Democrats here as clearly the progressive Republican lawmakers are no more responsible than are Democrat lawmakers, or equally as responsible for our current situation.
The more sophisticated society is the more complicated and interdependent it is. When any major link – money values, confidence in the system, food and other life sustaining elements – become scarce, society will collapse. Only the promise of stability sustains people and builds confidence. Clearly any lack thereof will lead to the opposite. Either we end the insanity now and get our act together or Greece is our near future.
Real wealth is generated by the private sector and not government. Government as we know it currently would not exist but for the private sector’s wealth generation and taxation. Grecian government promising all to everyone is the cause of the unrest. Government is not a generator of wealth, but merely a tool for forced redistribution, and based on Greece’s example, government isn’t too good at that either.
Consider all the chatter from President Obama that government can do “everything” and if one cannot see where he and his hopeful ideology leads, their myopia will soon lead to Greece becoming our reality. Only the voters forcing government to end this insanity will right the listing ship of state.