Greece Collapsing Under Weight of Massive Welfare

[Synthaholic]

Greece was a bad credit risk. All the money markets had cut it off. Then Goldman Sachs opened their bar.

Simple as that.

Baltimore is a bad credit risk, Detroit is a bad credit risk, the libs are taking our country down one city at a time.

While Republicans do it on a national scale.

 

[The Rabbi]

Greece was a bad credit risk. All the money markets had cut it off. Then Goldman Sachs opened their bar.

Simple as that.

Baltimore is a bad credit risk, Detroit is a bad credit risk, the libs are taking our country down one city at a time.

While Republicans do it on a national scale.

Places controlled by Democrats-bankrupt.
Places controleld by Republican-prosperous.
See the difference?

 

[Synthaholic]

They're fucked. And they deserve every bit of it. After the Grexit, the first thing that needs to happen is the left wing fucks in office need to be tarred and feathered and ridden out of town on a rail. Then the Greeks should ask the Estonians to come in and set up a new government and economic system for them. Within 5 years Greece will be a prosperous country.

The reason they are in such a situation is the imposed austerity. It's another failed conservative policy, failing in every European country that embraced it.

Fortunately, we had Barack Obama, who didn't fall for it and opted for a nation-saving stimulus.

Bullshit.
Austerity is the least of their problems. Over-generous gov't beneifts to retirees, stranging labor policies, enormous red tape to do anything. Just what Democrats want for the US.
Greece is a Democrat's wet dream.

You're a monetary moron. Austerity has prevented them from investing in the country. A massive infrastructure project would put people to work, producing taxes and commerce. And Greece needs an infrastructure upgrade desperately.

LOL!! Yeah that's the ticket. What a moron you are. I guess you're of the Biden school of Economics: We got to keep spending to avoid bankruptcy.
Guess what, it didnt work.

It's worked every time it's been done. It worked for Obama in 2009, and it worked for Bush in 2002

 

[Synthaholic]

Should Greece use Krugman's idea an issue a $1 trillion coin?

The Greek currency is the Euro. So Greece does not have that option.

Don't make the mistake of believing that CrusaderFrank thinks through his posts before hitting reply.

Fuck off.

Wait, let me think about that.

Hmmm

Yeah, fuck off

 

[SassyIrishLass]

Greece is in full meltdown...

Greek banks down to €500m in cash reserves as economy crashes

Greece is sliding into a full-blown national crisis as the final cash reserves of the banking system evaporate by the hour and swathes of industry start to shut down, precipitating the near disintegration of the ruling coalition.

Business leaders have been locked in talks with the Bank of Greece, pleading for the immediate release of emergency liquidity funds (ELA) to cover food imports and pharmaceutical goods before the tourist sector hits a brick wall.

Officials say the central bank will release the funds as soon as Friday, but this is a stop-gap measure at best. "We are on a war footing in this country," said Yanis Varoufakis, the Greek finance minister.

Greek banks down to 500m in cash reserves as economy crashes - Telegraph

 

[Synthaholic]

And start spending like nobody's business.....
After all the Libs feel the more you spend the better off you are...

The positive effects on the economy of hundreds of thousands of new full-time jobs vastly outweigh the debt, which is really only on paper, that you incur by creating that work. The income taxes, the consumer spending, the consumer confidence which spurs manufacturing, and the general benefit of communities by having an employed, spending membership is what is needed to keep the economy moving forward.

And it's needed work. It's not like they'd be building a new swimming center, it's fixing bridges that get failed safety inspections. It's building new airports, so that we can compete. La Guardia is a disaster. JFK, LAX, Logan, Miami, Newark, Philly: all really showing their age.

John Oliver points out a terrifying thing about this seemingly normal photo of a bridge.

 

[Synthaholic]

Places controlled by Democrats-bankrupt.
Places controleld by Republican-prosperous.
See the difference?

What was the DOW on the day Bush left office?

You're dismissed.

 

[Synthaholic]

Airports in America are awful - Business Insider

U.S. airports are awful. Here s the problem - CNN.com

The Decline and Fall of the U.S. Airport

Why Are US Airports So Bad - View from the Wing

http://www.economist.com/news/united-states/21599801-new-ranking

U.S. airports are awful. Here s the problem fox13now.com

The Economist delved into data on over 1m flights in 2013. For the most popular routes leaving America (see map), jets almost always land at an airport which is more highly-rated than the one from which they took off.

This is what conservatives want America to be: second rate, and an embarrassment.

 

[OnePercenter]

Bush, Cheney, Gramm, and corporate America crashed their nest-egg investments both public and private. That's a big chunk of 650 Trillion Dollars.

 

[The Rabbi]

They're fucked. And they deserve every bit of it. After the Grexit, the first thing that needs to happen is the left wing fucks in office need to be tarred and feathered and ridden out of town on a rail. Then the Greeks should ask the Estonians to come in and set up a new government and economic system for them. Within 5 years Greece will be a prosperous country.

The reason they are in such a situation is the imposed austerity. It's another failed conservative policy, failing in every European country that embraced it.

Fortunately, we had Barack Obama, who didn't fall for it and opted for a nation-saving stimulus.

Bullshit.
Austerity is the least of their problems. Over-generous gov't beneifts to retirees, stranging labor policies, enormous red tape to do anything. Just what Democrats want for the US.
Greece is a Democrat's wet dream.

You're a monetary moron. Austerity has prevented them from investing in the country. A massive infrastructure project would put people to work, producing taxes and commerce. And Greece needs an infrastructure upgrade desperately.

LOL!! Yeah that's the ticket. What a moron you are. I guess you're of the Biden school of Economics: We got to keep spending to avoid bankruptcy.
Guess what, it didnt work.

It's worked every time it's been done. It worked for Obama in 2009, and it worked for Bush in 2002

]

No actually it didnt. It failed miserably. Even by the administration's own claims.

 

[The Rabbi]

Places controlled by Democrats-bankrupt.
Places controleld by Republican-prosperous.
See the difference?

What was the DOW on the day Bush left office?

You're dismissed.

I didnt realize Bush controlled the Dow. How's that work?
You are truly clueless.

 

[Synthaholic]

The reason they are in such a situation is the imposed austerity. It's another failed conservative policy, failing in every European country that embraced it.

Fortunately, we had Barack Obama, who didn't fall for it and opted for a nation-saving stimulus.

Bullshit.
Austerity is the least of their problems. Over-generous gov't beneifts to retirees, stranging labor policies, enormous red tape to do anything. Just what Democrats want for the US.
Greece is a Democrat's wet dream.

You're a monetary moron. Austerity has prevented them from investing in the country. A massive infrastructure project would put people to work, producing taxes and commerce. And Greece needs an infrastructure upgrade desperately.

LOL!! Yeah that's the ticket. What a moron you are. I guess you're of the Biden school of Economics: We got to keep spending to avoid bankruptcy.
Guess what, it didnt work.

It's worked every time it's been done. It worked for Obama in 2009, and it worked for Bush in 2002

]

No actually it didnt. It failed miserably. Even by the administration's own claims.

I notice you never link to your bullshit.

 

[Synthaholic]

Places controlled by Democrats-bankrupt.
Places controleld by Republican-prosperous.
See the difference?

What was the DOW on the day Bush left office?

You're dismissed.

I didnt realize Bush controlled the Dow. How's that work?
You are truly clueless.

The DOW is an economic indicator, Monetary Moron.

 

[The Rabbi]

Places controlled by Democrats-bankrupt.
Places controleld by Republican-prosperous.
See the difference?

What was the DOW on the day Bush left office?

You're dismissed.

I didnt realize Bush controlled the Dow. How's that work?
You are truly clueless.

The DOW is an economic indicator, Monetary Moron.

Actually it isnt. But carry on, dumbshit.
You arent the stupidest poster on this forum only because competition is so stiff. But you're getting there.

 

[BluesLegend]

Places controlled by Democrats-bankrupt.
Places controleld by Republican-prosperous.
See the difference?

What was the DOW on the day Bush left office?

You're dismissed.

As Dem's they cheered for the economy to crash in Bush final 2 years, they also cheered for the war to be lost. I know, disgusting isn't it.

 

[C_Clayton_Jones]

"Greece Collapsing Under Weight of Massive Welfare"

Actually the premise of this thread is collapsing under weight of massive ignorance and stupidity.

 

[auditor0007]

What happens when more people depend on government spending than the number who contribute? Well, you realize what happens when leftist politicians take you on an unsustainable course. Since you always run out of other peoples' money, the only end is that eventually you will collapse under your own weight.

Instead of making needed cuts in spending and making the necessary changes to recover, they will now have nothing.

I see no difference in the policies the Dems are embracing here. Are they wanting us to collapse or are they so ignorant that they think they can do the same thing that's been done before and have a different outcome for once?

Politics Under weight of massive welfare state Greece about to default on IMF loans Best of Cain

Greece will pull the EU down, possibly trigger a depression there, that will, more than likely come here.

since everyone saw it coming or was told it was coming, I have to assume this was the plan.

No party would intentionally crush it's own country unless that was the plan.

are we looking at a government take over?
the UN running everything?

I used to laugh at people that talked about the "new world order", now, not so much

Greece won't have any long term affect on the EU if it does go under. The EU will just dump Greece, plain and simple. Greece's problems are more than just too much government spending. They have a near 27% unemployment rate, therefore they are not collecting near enough tax revenue. Raising taxes and cutting spending will likely increase the unemployment rate and reduce revenue further. They are in a tailspin and need to work out of it slowly rather than all at once. I'm not positive what the answer is for them, but drastically cutting spending and/or raising taxes further is not likely to work out.

 

[The Rabbi]

"Greece Collapsing Under Weight of Massive Welfare"

Actually the premise of this thread is collapsing under weight of massive ignorance and stupidity.

And you're just piling on.
Greece's problem is precisely over generous welfare benefits and red tape that strangles the economy from growing. Just what Democrats want here.

 

[The Rabbi]

What happens when more people depend on government spending than the number who contribute? Well, you realize what happens when leftist politicians take you on an unsustainable course. Since you always run out of other peoples' money, the only end is that eventually you will collapse under your own weight.

Instead of making needed cuts in spending and making the necessary changes to recover, they will now have nothing.

I see no difference in the policies the Dems are embracing here. Are they wanting us to collapse or are they so ignorant that they think they can do the same thing that's been done before and have a different outcome for once?

Politics Under weight of massive welfare state Greece about to default on IMF loans Best of Cain

Greece will pull the EU down, possibly trigger a depression there, that will, more than likely come here.

since everyone saw it coming or was told it was coming, I have to assume this was the plan.

No party would intentionally crush it's own country unless that was the plan.

are we looking at a government take over?
the UN running everything?

I used to laugh at people that talked about the "new world order", now, not so much

Greece won't have any long term affect on the EU if it does go under. The EU will just dump Greece, plain and simple. Greece's problems are more than just too much government spending. They have a near 27% unemployment rate, therefore they are not collecting near enough tax revenue. Raising taxes and cutting spending will likely increase the unemployment rate and reduce revenue further. They are in a tailspin and need to work out of it slowly rather than all at once. I'm not positive what the answer is for them, but drastically cutting spending and/or raising taxes further is not likely to work out.

The WSJ editorial page this morning said that Puerto Rico is America's Greece and the solution is to appoint someone with extraordinary powers to restructure the place, like Detroit did. I'd agree.

 

[hangover]

Greece Collapsing Under Weight of Massive Welfare

Not welfare....debt.