Posts Tagged ‘Greece’

European Troubles

Posted by Troy on 21st May 2012 in Current Events

Obama has taken to counseling the EU on their financial troubles.  He is talking Germany down from demanding austerity measures from Greece and other debtor nations.  Naturally, the person you’d want to turn to if you found yourself drowning in debt would be Obama.  The only other no brainer would have been calling up Teddy Kennedy for AA support (prior to his demise).  Yes, no one can tell you how to dig yourself out of a recession and debt crisis than Obama.  This much is clear.  Good going Europe.

To all those people who are pro-stimulus (Keynesian economics/debt spending), there is some argument for this.  This argument would be that cutting everything off 100% would be more damaging.  Fine, so be it.  What I’ve found in the study of macroeconomics is that it fairly parallels microeconomics.  As such, thinking in micro-terms helps some people .  If you are drowning in debt, taking out another credit card can stave off bankruptcy.  However, if you do not change your spending habits and turn your deficits into surpluses quickly, you are merely postponing the inevitable.  The European Union (and America for that matter) must start turning their deficits into surpluses and paying off their debts.  Europe really needs to start this process in 5-10 years, and we have 10-15 years to get our act turned around.

If Europe goes down, our stock market will tank, and Obama WILL lose.  This is why he is pushing for more deficit spending.

Long Live the Constitution!

Socialism Wins!

Posted by Troy on 8th May 2012 in Current Events, Political

France and Greece have held their elections and have decided to kick out those fuddy duddies that are enforcing austerity in exchange for Socialist party candidates that are “pro-growth” (i.e. spending) strategies.  So…has the world completely lost its mind?  I don’t know what else to say, honestly.  They are on the brink of bankruptcy and fiscal failure.  France was recently downgraded, and Greece is having to beg for scraps from their larger EU cousins…and they are doubling down on the policies that have brought there there!  This is like someone throwing wood on a wild fire in an attempt to smother it!  The sad thing is that this does not give me much hope for our future.  We are on the path of Europe now.  Nearly half the country does not pay taxes.  No one seems willing to cut their own freebies.  Here’s the thing: if we are to survive the common crisis, we’re going to have to stand up and say, “I don’t need my benefits.”  As long as we are demanding that others give up their freebies without giving up ours, we are in trouble.

Long Live the Constitution!

Greek Tragedy

Posted by Troy on 2nd November 2011 in Current Events

Just like a Greek Tragedy, they have brought about their own demise.  Amazing.  All the political and economic dealings to get the loans pushed through for Greece (who have single-handedly destroyed themselves with their ultra-liberal entitlement mentality), and it was all for naught.  I am in a bit of a bind here.  The only thing they can do is cut spending and accept the terms of the bailout.  If they do not, then they default, and they lose everything.  The Prime Minister is too afraid of his people though (and I generally view government fearing its citizens as very positive) and has given them the right to vote for or against it.  I would normally be for the power resting in the hands of the people, but I know that they are going to choose the wrong option and cause their own downfall because they have become a country of mostly leeches.  And therein lies the cautionary tale.  When a country becomes a country of leeches, it also becomes a country that is incapable of self-rule and must be ruled by a tyrant (benevolent or otherwise).  Let this be a lesson to us.

Long Live the Constitution!

Senator McConnell and His Stupid Idea to Let Obama Increase the Debt

Posted by Troy on 12th July 2011 in Current Events, Political

http://www.msnbc.msn.com/id/43725919/ns/politics-capitol_hill/

Are you kidding me?

So we have a branch of the government that is going to surrender one of their checks and balances to the other branch?  However, this is really just a face saving move and one that tries to put all the blame on the President.  Basically, the Legislative Branch approves of the debt increase, but they get to wash their hands neatly of it while avoiding having to give away any tax positions or getting railed about any cuts to Medicare et cetera.  I know this is all theater, but it still leaves a bitter taste in my mouth.

The fact of the matter is, this is like being married to a spouse that just spends all the money.  If they tell you to go get another job so you can pay off the credit cards, they will probably spend all that money too.  Eventually, they will tell you to get more credit cards and more mortgages and borrow from friends and family until, one day, no one will lend to you anymore.  At that point, it all comes crashing down.  So a wise person would refuse the request to get another job or (at the very least) destroy all the credit cards and take the spending spouse’s name off all the accounts before getting the second job.  The sooner this is done, the better. 

We need to get back to the old ways.  We used to rely on family and friends and community and the church, now we just sit around with our hands out, waiting for our benefits that the country can no longer afford.  Our young to old ratio will not support Medicare and Social Security.  However, increasing our population will only lead to more problems.  The only thing we can do is rely on the ones we love.  We need to take care of ourselves and of each other.  We used to not have Medicare and Social Security, and people were not dying in the streets.  The elderly lived with their children.  This is the way it should be.  Medicare and Social Security were bad ideas when they first began and only became more and more of a disaster.  We can put it off, but it will only make the end more horrible. 

Take a look a Greece.  It’s coming.

Long Live the Constitution.

Flash Mobs, Greece, Wolf Packing – Coming to a City Near You

Posted by Troy on 28th June 2011 in Current Events

We have seen the effectiveness of Facebooking in the “Muslim Spring.”  I have wondered if these are dry runs.  Now, gangs of youths are using Facebook and other media to mimic flash mobs to show up at a given store and rob it blind.  The kids are calling this “Wolf Packing.”  Finally, I look to Greece and the riots in the street.  Given the Democrats insistence that they don’t have to do anything about spending (let alone the fact that they say that cutting spending at all would be irresponsible), we are headed that way. When it comes time for us to cut “benefits” (legal theft), look for the Left to use Facebook and other ways to organize massive protests and riots to try to overthrow the system.  Go ahead and figure out what you want to do.  Thank God, I live in the country.  You people in the big cities are going to have problems.  I’d arm yourselves if I were you.