Socialism at work!

[layoutshooter]

This is what we have to look forward too if Obama and Co. get their way. This is 100% the fault of socialism at it finest! Peter FINALLY ran out of money and now Paul is broke. We are not far behind.

Too bad that we are going to reelect the same garbage that is in office now. No matter who wins.

Just think, with any luck, Obama will soon be your "sugar daddy" taking care of your every need. Hope you all enjoy being a 'kept person'.


[h=1]Greek unemployment hits 21.8 percent[/h]
ATHENS, Greece (AP) — Greece's unemployment rate increased to 21.8 percent in January, with nearly 350,000 people losing their jobs in the past year while the debt-strapped country's economy remains stuck in recession.


The Greek Statistical Authority said Thursday that 1,084,668 people were out of work in the first month of 2012 — with 344,913 people losing their jobs since January 2011 — nearly 1,000 per day.


Greece is suffering a fifth year of recession, largely due to harsh austerity measures demanded in return for international bailout loans required to avoid default.



Greek unemployment hits 21.8 percent - Yahoo! News

 

[witness23]

First of all we are not Greece.

Second, it is the Republicans that would put in place "Austerity" measures which is one of the many reasons why Greece can't get out from under the predicament they find themselves in.

From your post above:

Greece is suffering a fifth year of recession, largely due to harsh austerity measures demanded in return for international bailout loans required to avoid default.

 

[layoutshooter]

First of all we are not Greece.

Second, it is the Republicans that would put in place "Austerity" measures which is one of the many reasons why Greece can't get out from under the predicament they find themselves in.

From your post above:

Greece is in recession because they are unable to pay the debt that they owe EVERYONE. They are BROKE. As are we. What you see there WILL be seen here and soon. We have the same unfunded pension problems as Greece. Not quite as many social programs but we are working hard to get more. Like Obama Care. That will put us trillions in debt.

The problem here is the same that is sinking ALL of Europe, socialism. You cannot fund programs on credit. You cannot fund the lives of the many off the work of the few. That is where we are headed.

 

[muttly]

First of all we are not Greece.

Second, it is the Republicans that would put in place "Austerity" measures which is one of the many reasons why Greece can't get out from under the predicament they find themselves in.

From your post above:

So Greece instead should go into default? Yes or no?

 

[layoutshooter]

Should Italy, Spain, Portugal or Ireland? They are ALL socialist countries, all on the verge.

 

[AMonger]

First of all we are not Greece.

Second, it is the Republicans that would put in place "Austerity" measures which is one of the many reasons why Greece can't get out from under the predicament they find themselves in.

From your post above:

You're correct that if anybody puts austerity measures into place, it would be the Republicans. Though they long ago ceased being the party of fiscal responsibility, they still aren't nearly the taxers & spenders the Demon-crats are.

Blaming Greece's problems on the austerity measures is like blaming the fact that you don't have enough water pressure at your house to take a shower on the firemen who are putting out the house fire across the street. Blame whoever caused the fire! In the case of Greece, it was caused by people who believe they have a right to Other People's Money, and that the government should facilitate the transfer.

As Margaret Thatcher said, "Socialism is great, until you run out of other people's money." Greece has, and now they've got to pay the piper. Our time is coming shortly. Maybe we'll look back on 8% (official)/15% (actual) unemployment as the good old days, the same way we look on $2 gas as cheap.

 

[AMonger]

Should Italy, Spain, Portugal or Ireland? They are ALL socialist countries, all on the verge.

I think they should, yes, and so should we. Which is more dishonest: 1)defaulting on your loans that you'll NEVER be able to pay back, causing your creditors to cut you off? Or 2) not defaulting and continuing to borrow, giving your creditors the false impression they'll see their money again and that they should loan you more? Neither is honorable, but default is less dishonest.

 

[layoutshooter]

The major economic collapse that we seem to be headed for across the globe are the things that spawn wars.

 

[AMonger]

The major economic collapse that we seem to be headed for across the globe are the things that spawn wars.

Yep. There will be cascading cross-defaults and bankruptcies. Everybody who's bankrupt wants 100% of their receivables while paying pennies on the dollar on their payables. That will be essentially everybody, and in a global economy...you can see what that will lead to. Somebody wished for us to "live in interesting times," and they're going to get their wish.

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You know the problem with bad cops? They make the other 5% look bad.

 

[aristotle]

We are headed for years, even decades, of austerity budgets here at home in the USA. We've been kicking the can down the road for several years, now we are running out of road. Real austerity budgets at the federal and state levels will be a major shock to Americans. Services will be cut back, social programs pared to the bone, entitlements reviewed for closure, military spending greatly reduced, pensions reworked and reduced. We have more government than we can pay for.

There is a time coming when roads and bridges will not be maintained. Public schools and universities will have to make do on less. Public health clinics, even the VA, will see budgets slashed. Those living in large cities might see essential services such as garbage collection be cut back to a reduced schedule. Police, fire departments and ambulance services will operate with less equipment and fewer personnel. All of this is not necessarily bad. Government grew too big. Through atrophy and attrition, a smaller government entity will survive. The really bad news remains. We taxpayers are on the hook for decades of overspending by government. Trillions$$$.