Greece Gives Us A Snapshot Of America's Future Under Obama

[bitterlyclingin]

(What is going on in Greece today may have been achieved totally by accident or innocent stupidity, but it provides America a very visible foretaste of its future, a future that will not arrive innocently by accident as in Greece's case. America's future, although in many cases similar to the predicament the Greeks are in, will instead be arrived at by deliberate, calculated, diabolical Machiavellian planning on the part of Mr Obama and the Democrats. His objective is, and has been, the total economic collapse of American Capitalism and the concomitant collapse of American Democracy with the subsequent installation of a Communist State. Remember the "Fundamental Transformation of America" he promised?
Just yesterday Andrew Breitbart identified a prominent figure of, and avowed Communist sympathizer, in one of Mr Obama's wholly owned subsidiaries, Organizing For America, leading a march in the Occupy Chicago protests. The nationwide Occupy movements are part and parcel of Mr Obama's deliberate and eleborately planned orchestrations that are to lead up to America's economic and social collapse)

"It looks like the European bankers' can-kicking just ran out of road. The yield on a one-year bond from the country of Greece hit a new record high earlier today.

A yield of 172% means that bonds issued by Greece are worth just a few pennies more than the paper they're printed on. Put another way, Greece is dead bang certain to default on its debt.

European banks loaned Greece hundreds of billions of Euros -- the reasons don't matter at this point -- and were issued bonds in exchange for the money. The money's gone, spent on heaven knows what. And Greece is bankrupt, trying to make ends meet by laying off its bloated public sector union bureaucracy. That's why riots are occurring there on a near-daily basis."

The European Debt Crisis In Comic Book Form -- So Even Democrats Can Understand

 

[bitterlyclingin]

(Its just part of the plan, yano. The 'Fundamental Transformation" plan. Instead of being the property and the slave of the evil Capitalists, you're now going to be the property and the slave of the equally evil Communist Styate. Of course it will all be run by a benevolent master,The One, The Only, Barack Hussein Obama, That is until George Soros decides he wants someone more efficient to run his country, someone like Van Jones)

"President Obama acts as though he merely sympathizes with the Wall Street occupiers' "broad-based frustration" about how America's financial system works, but he's doing a lot more than sympathizing. He's fanning their flames.

Perhaps we should take a look at what, exactly, Obama is supporting and contrast it with the tea party movement he so roundly condemns.

In May 2010, when a White House dinner guest suggested to Obama that racism was a motivating force behind the tea party opposition to him, he raised nary a finger of objection and even affirmed that there was a racially biased "subterranean agenda" afoot in the anti-Obama movement. About that same time, the administration had lumped the tea party protesters into a group to be monitored as "domestic terrorists

Ever since this authentic, grass-roots movement spontaneously erupted throughout the nation, Obama and the leftist establishment have engaged in a systematic effort to demonize and discredit tea party protesters as extremist, racist and violent. Nancy Pelosi predicted the protests would lead to a climate of violence. In a recent interview, Obama portrayed tea party ideas as extreme positions that are rejected by "a vast majority of Americans."

Those of us who identify with the movement and have attended some of the rallies know that in their false characterizations, Obama and his supporters are either lying or projecting. The protests have been remarkably peaceful, respectful and lawful. We are talking about Americana here, folks -- people who believe in American ideals and who object to the government's bankrupting us and destroying our liberties.

There has been no tea party-instigated violence at these rallies, and there has been no racism. Bearing false witness is egregious; doing so in exploitation of the race issue is worse.

Why do we believe that in defaming tea partyers, Obama is projecting? Simply because he is a community organizer at heart with an ends-justify-the-means ethic. He has been engaged in political street agitation his entire adult life, so it is natural for him to assume his political opponents would engage in the same tactics. But they don't."

Obama and Occupy Wall Street Are One - Page 1 - David Limbaugh - Townhall Conservative

 

[bitterlyclingin]

(Just like the fox coming out of the henhouse to tell the farmer that "There's nobody down here in the henhouse but us chickens" and Barney Frank coming out to tell America the same thing regarding Fannie Mae and Freddie Mac and that he, Barney, would like "To be able to roll the dice a few more times" to enable America's poor to get what the rich folks have, so do the Media, the Democratic Party, and of course Mr Obama. Natch, he would, its his show, bought and paid for. No charge for the slight of hand. Aided and abetted by Grandmaw Piven, of course.)


"And following the links takes us to Charles Gasparino, at New York Post, "New York’s Marxist Epicenter":
The standard portrayal of the Wall Street protesters goes something like this: Ragtag group of unemployed young adults, venting often incoherent but overall legitimate populist outrage about economic inequality. But go down to the movement’s headquarters, as I did this past weekend, and you see something far different.

It’s not just that knowledge of their “oppressors” -- the evil bankers -- is pretty thin, or that many of them are clearly college kids with nothing better to do than embrace the radical chic of “a cause.” I found a unifying and increasingly coherent ideology emerging among the protesters, which at its core has less to do with the evils of the banking business and more about the evils of capitalism -- and the need for a socialist revolution.
But, of course, these aren't REAL communists, or anything (at top result). Nothing to see here. Move along."

American Power: 'Occupy Wall Street' Almost Entirely Socialist/Marxist

 

[cbirch2]

This is the most ridiculous thing ive ever heard. US treasury notes have hit record lows under obama so your entire premise is false.

Now take into account the fact that the recovery has actually been pretty impressive and obama looks like a fine president. With your selective attention i dont expect you to know things though.

 

[editec]

Greece Gives Us A Snapshot Of America's Future Under Obama

No, it doesn't.

 

[Maple]

Greece Gives Us A Snapshot Of America's Future Under Obama

No, it doesn't.

Oh yes it does, especially if we re-elect the" spender in Chief" to another 4 years. 4 trillion dollars in just under 3 years- good grief -get real.

 

[Ravi]

Greece Gives Us A Snapshot Of America's Future Under Obama

No, it doesn't.

Correct.

What is hurting Greece now is the austerity. It's also causing riots.

Those are not Obama programs, they are Republican programs.

 

[cbirch2]

Greece Gives Us A Snapshot Of America's Future Under Obama

No, it doesn't.

Oh yes it does, especially if we re-elect the" spender in Chief" to another 4 years. 4 trillion dollars in just under 3 years- good grief -get real.

Government spending automatically goes up in a recession because tax receipts fall and automatic stabilizers kick in. Obama policies are actually less of a contributor to the deficit than you claim.

Not to mention obamas long term deficit reduction plan is more extensive than the republicans.

And not to mention that the bond markets have shown they arent worried about our debt.

So you can say things because you dont like obama, because he doesnt play for your team, but the facts simply do no support anything you say.

 

[Cuyo]

You shouldn't cling so tight to your stupidity.

The riots in Greece are due to the opposite of what Obama and dems advocate.

 

[likeabird03]

This is the most ridiculous thing ive ever heard. US treasury notes have hit record lows under obama so your entire premise is false.

Now take into account the fact that the recovery has actually been pretty impressive and obama looks like a fine president. With your selective attention i dont expect you to know things though.

For now, but you cannot excuse that we are accumulating debt at an extremely fast rate, and at a rate similar to that of Greece.

 

[Dragon]

One other thing to point out is that Greece's debt is in the Euro, a currency that the Greek government does not control. America's public debt is in the U.S. dollar. That means that it is completely impossible for Greece to be any sort of model for what happens in America, in terms of debt.

Now, in terms of riots, that's another story. If the government continues to screw over most of the people for the benefit of the richest Americans, riots -- even revolution -- become a distinct possibility.

 

[Synthaholic]

Greece Gives Us A Snapshot Of America's Future Under Obama

No, it doesn't.

Oh yes it does, especially if we re-elect the" spender in Chief" to another 4 years. 4 trillion dollars in just under 3 years- good grief -get real.

Liar.

 

[Synthaholic]

This is the most ridiculous thing ive ever heard. US treasury notes have hit record lows under obama so your entire premise is false.

Now take into account the fact that the recovery has actually been pretty impressive and obama looks like a fine president. With your selective attention i dont expect you to know things though.

For now, but you cannot excuse that we are accumulating debt at an extremely fast rate, and at a rate similar to that of Greece.

That is because of the interest on the debt. We are obligated to pay that, just as you are obligated to pay the interest on your credit card or mortgage. That is not Obama spending.

 

[likeabird03]

This is the most ridiculous thing ive ever heard. US treasury notes have hit record lows under obama so your entire premise is false.

Now take into account the fact that the recovery has actually been pretty impressive and obama looks like a fine president. With your selective attention i dont expect you to know things though.

For now, but you cannot excuse that we are accumulating debt at an extremely fast rate, and at a rate similar to that of Greece.

That is because of the interest on the debt. We are obligated to pay that, just as you are obligated to pay the interest on your credit card or mortgage. That is not Obama spending.

Only about 300 billion dollars per year is in interest payments. Whatabout the other trillion? By the way Obama has added 4trillion to the debt.

Nice try ignoring the facts there.

 

[Dragon]

Only about 300 billion dollars per year is in interest payments. Whatabout the other trillion? By the way Obama has added 4trillion to the debt.

Nice try ignoring the facts there.

There are other relevant facts that you seem to be ignoring yourself.

1) The national debt, as a percentage of GDP, has been higher in the past without hurting the country.

2) The national debt doesn't ever have to be paid off. It can keep being rolled over indefinitely. In fact, we are carrying debt on the books right now that has been rolled over continuously ever since the Mexican War. Paying off the debt in full isn't even a good idea, let alone necessary; the only time we ever did that, the economy plunged into a ruinous depression immediately thereafter. (That was under Andrew Jackson. He's the reason we don't carry debt rolled over from the Revolutionary War and War of 1812. It would have been better if we did.)

We don't have a debt crisis. That's BS. What we have is a high federal deficit partly because we are in a depression, and partly because of Bush's bonehead tax cuts. If we were to go on forever running a deficit this high, we'd eventually find ourselves in trouble but we won't. And although it's something that will have to change before too much longer, it's not an immediate emergency by any means.

 

[editec]

Greece Gives Us A Snapshot Of America's Future Under Obama

No, it doesn't.

Oh yes it does, especially if we re-elect the" spender in Chief" to another 4 years. 4 trillion dollars in just under 3 years- good grief -get real.

I think I'm pretty real. I think you are not thinking this question out very deeply, though

We are not Greece. We are not remotely like Greece.

We control our currency, Greece does not.

The economic problems facing us are not much like the problems facing Greece.

If your point is we are screwed, I don't disagree with that assessment , but I do disagree that our fate will look like Greece's fate.

 

[likeabird03]

Only about 300 billion dollars per year is in interest payments. Whatabout the other trillion? By the way Obama has added 4trillion to the debt.

Nice try ignoring the facts there.

There are other relevant facts that you seem to be ignoring yourself.

1) The national debt, as a percentage of GDP, has been higher in the past without hurting the country.

2) The national debt doesn't ever have to be paid off. It can keep being rolled over indefinitely. In fact, we are carrying debt on the books right now that has been rolled over continuously ever since the Mexican War. Paying off the debt in full isn't even a good idea, let alone necessary; the only time we ever did that, the economy plunged into a ruinous depression immediately thereafter. (That was under Andrew Jackson. He's the reason we don't carry debt rolled over from the Revolutionary War and War of 1812. It would have been better if we did.)

We don't have a debt crisis. That's BS. What we have is a high federal deficit partly because we are in a depression, and partly because of Bush's bonehead tax cuts. If we were to go on forever running a deficit this high, we'd eventually find ourselves in trouble but we won't. And although it's something that will have to change before too much longer, it's not an immediate emergency by any means.

Yes, we had a higher debt to gdp ratio in the 1940's. However now I don't think have the potential to grow at near double digit rates like we did in the decade after that. Our debt is increasing so much faster than GDP, they're anticipating deficits of more than 5% until 2020, I don't think you'll see sustained GDP growth near that. Think of where all that capital could be going if it wasn't being flowed into treasuries at such a high rate.

If you think that running deficits of 10% gdp for the last three years, having a debt to GDP ratio near the highest in the western world is no big deal then obviously it's not worth arguing with you. This is math, not politics. Obviously liberals have never been for much of the former.

 

[bitterlyclingin]

Recessions serve a purpose in economic Democracies. They force free wheeling, wildly spending governments to halt their errant ways, reconsider what is necessary in the way of spending and what is superfluous: ie a half billion taxpayer dollars for two cars whose bodies were manufactured in Finland with motors manufactured in Red China? State courthouses whose entryways are blocked by dozens of six foot piles of state supplied pamphlets titled "Do You Need A Divorce?" Cut the spending and live within your means instead of creating a nation of people who live by the adage "Me no pay!"

 

[likeabird03]

Recessions serve a purpose in economic Democracies. They force free wheeling, wildly spending governments to halt their errant ways, reconsider what is necessary in the way of spending and what is superfluous: ie a half billion taxpayer dollars for two cars whose bodies were manufactured in Finland with motors manufactured in Red China? State courthouses whose entryways are blocked by dozens of six foot piles of state supplied pamphlets titled "Do You Need A Divorce?" Cut the spending and live within your means instead of creating a nation of people who live by the adage "Me no pay!"

Exactly, we've had the private sector cut the fact - and now we need the public sector to do the same, other wise this tick will kill the dog.

 

[cbirch2]

For now, but you cannot excuse that we are accumulating debt at an extremely fast rate, and at a rate similar to that of Greece.

That is because of the interest on the debt. We are obligated to pay that, just as you are obligated to pay the interest on your credit card or mortgage. That is not Obama spending.

Only about 300 billion dollars per year is in interest payments. Whatabout the other trillion? By the way Obama has added 4trillion to the debt.

Nice try ignoring the facts there.

Fiscal year 2009 was bush's budget. By the end of fiscal 2009 the debt was 12.8 trillion. the debt clock is now at about 14.8 trillion.

So....

Liar.