What's new
US Message Board - Political Discussion Forum

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

This is where Obama is taking us.

usmcstinger

Gold Member
Joined
Dec 31, 2011
Messages
1,388
Reaction score
422
Points
200
ATHENS, Greece — Greece's coalition government faces a crucial test in Parliament as unions on Monday launched three days of escalating strikes against austerity proposals that must win lawmakers' support if the debt-crippled country is to get more aid and stave off bankruptcy.
The conservative-led coalition that has governed Greece since June will later Monday present the country's fourth austerity package in more than two years to Parliament. The drastic spending cuts and tax hikes demanded by the country's bailout creditors aim to save some (EURO)13.5 billion ($17.3 billion) in 2013-14. If lawmakers reject them in a vote Wednesday, Greece faces the prospect of losing vital rescue loans that have kept it afloat since May 2010.
The next loan installment of (EURO)31.5 billion out of a total of (EURO)240 billion is already overdue and without it, Prime Minister Antonis Samaras has said Greece will run out of euros on Nov. 16. If the country cannot raise any more funds from elsewhere, it would quickly find it impossible to pay its debts. The government would then be forced into issuing its old currency, the drachma, to pay bills and wages. As well as pushing the country out of the eurozone, this could trigger a nightmare of bank runs, hyperinflation and currency depreciation that would vaporize savings and put even the most basic goods out of the reach of many Greeks.
If the country was forced into a default and began printing its own currency, the entire eurozone's finances would become increasingly shaky as markets would assume other countries in the eurozone might be the next to go. Investors would begin to pull their money out of the region or demand higher returns to keep it there.
Greek unions start 3 days of anti-austerity action | Comcast
 

BlindBoo

Diamond Member
Joined
Sep 28, 2010
Messages
40,106
Reaction score
7,777
Points
1,830
We're Not Greece | RealClearPolitics

<snip>
No, we're not. Our issues are entirely different. To the extent that the crisis in Europe has lessons for the United States, they go the other way.

First, we are lucky to have a robust federal government, which the European Union lacks. Early in the recession, the feds were able to offset problems in the country's most troubled regions with a stimulus program (and also with that auto bailout that so many, including Mitt Romney, opposed). The stimulus should have been bigger, and it should have extended over a longer period. But it helped.

Second, we bailed out our banks right away and also have a more effective central bank. We thus avoided some of the problems now facing Europe, notably Spain. Again, we need to do more, not less, to deal with the damage caused by the housing bubble, which is especially threatening in parts of California. But the U.S. bit the bullet immediately to deal with potential insolvency in the banks, and the Obama administration's stress tests helped restore confidence in the system.

By contrast, Europe created a common currency without a central bank as powerful as the Federal Reserve, and without a continental fiscal policy that cuts across its member states. In a genuine federal system, the better-off states help the states that fall into trouble. Greece needs both reform and large transfers from the wealthier states of Europe -- yes, that means Germany -- to reverse its economy's free fall.
<snip>
 

asaratis

Uppity Senior Citizen
Gold Supporting Member
Joined
Jun 20, 2009
Messages
18,530
Reaction score
7,445
Points
390
Location
Stockbridge
We're Not Greece | RealClearPolitics

<snip>
No, we're not. Our issues are entirely different. To the extent that the crisis in Europe has lessons for the United States, they go the other way.

First, we are lucky to have a robust federal government, which the European Union lacks. Early in the recession, the feds were able to offset problems in the country's most troubled regions with a stimulus program (and also with that auto bailout that so many, including Mitt Romney, opposed). The stimulus should have been bigger, and it should have extended over a longer period. But it helped.

Second, we bailed out our banks right away and also have a more effective central bank. We thus avoided some of the problems now facing Europe, notably Spain. Again, we need to do more, not less, to deal with the damage caused by the housing bubble, which is especially threatening in parts of California. But the U.S. bit the bullet immediately to deal with potential insolvency in the banks, and the Obama administration's stress tests helped restore confidence in the system.

By contrast, Europe created a common currency without a central bank as powerful as the Federal Reserve, and without a continental fiscal policy that cuts across its member states. In a genuine federal system, the better-off states help the states that fall into trouble. Greece needs both reform and large transfers from the wealthier states of Europe -- yes, that means Germany -- to reverse its economy's free fall.
<snip>
Ahh! Redistribution of wealth again! When they run out of other people's money, where do they go?

BROKE AGAIN! We need more money. Send us your money so we won't have to work for a living!
 

rightwinger

Award Winning USMB Paid Messageboard Poster
Gold Supporting Member
Joined
Aug 4, 2009
Messages
228,872
Reaction score
54,062
Points
2,190
Obama is taking us to Greece now?

I thought he was just buying us free cell phones?
 

asaratis

Uppity Senior Citizen
Gold Supporting Member
Joined
Jun 20, 2009
Messages
18,530
Reaction score
7,445
Points
390
Location
Stockbridge
Obama is taking us to Greece now?

I thought he was just buying us free cell phones?

Obama gives cell phones.

Romney gives jobs.

I'll take the jobs guy. :D

Obama gives lies and creates false hopes!

Obama is a goddamned Marxist!

Romney is a capitalist!


I'll take the capitalist ANY DAY!!!
 
Last edited:

NoNukes

Gold Member
Joined
Jul 29, 2010
Messages
14,940
Reaction score
2,345
Points
255
Location
At the computer
We're Not Greece | RealClearPolitics

<snip>
No, we're not. Our issues are entirely different. To the extent that the crisis in Europe has lessons for the United States, they go the other way.

First, we are lucky to have a robust federal government, which the European Union lacks. Early in the recession, the feds were able to offset problems in the country's most troubled regions with a stimulus program (and also with that auto bailout that so many, including Mitt Romney, opposed). The stimulus should have been bigger, and it should have extended over a longer period. But it helped.

Second, we bailed out our banks right away and also have a more effective central bank. We thus avoided some of the problems now facing Europe, notably Spain. Again, we need to do more, not less, to deal with the damage caused by the housing bubble, which is especially threatening in parts of California. But the U.S. bit the bullet immediately to deal with potential insolvency in the banks, and the Obama administration's stress tests helped restore confidence in the system.

By contrast, Europe created a common currency without a central bank as powerful as the Federal Reserve, and without a continental fiscal policy that cuts across its member states. In a genuine federal system, the better-off states help the states that fall into trouble. Greece needs both reform and large transfers from the wealthier states of Europe -- yes, that means Germany -- to reverse its economy's free fall.
<snip>

These idiots try to associate anything about socialism with Greece. Why do they not equate it with Germany or other successful European countries?
 

NoNukes

Gold Member
Joined
Jul 29, 2010
Messages
14,940
Reaction score
2,345
Points
255
Location
At the computer

rightwinger

Award Winning USMB Paid Messageboard Poster
Gold Supporting Member
Joined
Aug 4, 2009
Messages
228,872
Reaction score
54,062
Points
2,190

freedombecki

Let's go swimmin'!
Joined
May 3, 2011
Messages
23,687
Reaction score
7,641
Points
198
Location
My house

LordBrownTrout

Diamond Member
Joined
Nov 25, 2007
Messages
33,913
Reaction score
13,413
Points
1,550
Location
South Texas Republic

boilermaker55

Gold Member
Joined
Aug 12, 2011
Messages
6,405
Reaction score
627
Points
140
Damn! We are going to Greece. I have to pack. Maybe we can take a ship across the Med. and see Italy too.



ATHENS, Greece — Greece's coalition government faces a crucial test in Parliament as unions on Monday launched three days of escalating strikes against austerity proposals that must win lawmakers' support if the debt-crippled country is to get more aid and stave off bankruptcy.
The conservative-led coalition that has governed Greece since June will later Monday present the country's fourth austerity package in more than two years to Parliament. The drastic spending cuts and tax hikes demanded by the country's bailout creditors aim to save some (EURO)13.5 billion ($17.3 billion) in 2013-14. If lawmakers reject them in a vote Wednesday, Greece faces the prospect of losing vital rescue loans that have kept it afloat since May 2010.
The next loan installment of (EURO)31.5 billion out of a total of (EURO)240 billion is already overdue and without it, Prime Minister Antonis Samaras has said Greece will run out of euros on Nov. 16. If the country cannot raise any more funds from elsewhere, it would quickly find it impossible to pay its debts. The government would then be forced into issuing its old currency, the drachma, to pay bills and wages. As well as pushing the country out of the eurozone, this could trigger a nightmare of bank runs, hyperinflation and currency depreciation that would vaporize savings and put even the most basic goods out of the reach of many Greeks.
If the country was forced into a default and began printing its own currency, the entire eurozone's finances would become increasingly shaky as markets would assume other countries in the eurozone might be the next to go. Investors would begin to pull their money out of the region or demand higher returns to keep it there.
Greek unions start 3 days of anti-austerity action | Comcast
 

rightwinger

Award Winning USMB Paid Messageboard Poster
Gold Supporting Member
Joined
Aug 4, 2009
Messages
228,872
Reaction score
54,062
Points
2,190
Damn! We are going to Greece. I have to pack. Maybe we can take a ship across the Med. and see Italy too.



ATHENS, Greece — Greece's coalition government faces a crucial test in Parliament as unions on Monday launched three days of escalating strikes against austerity proposals that must win lawmakers' support if the debt-crippled country is to get more aid and stave off bankruptcy.
The conservative-led coalition that has governed Greece since June will later Monday present the country's fourth austerity package in more than two years to Parliament. The drastic spending cuts and tax hikes demanded by the country's bailout creditors aim to save some (EURO)13.5 billion ($17.3 billion) in 2013-14. If lawmakers reject them in a vote Wednesday, Greece faces the prospect of losing vital rescue loans that have kept it afloat since May 2010.
The next loan installment of (EURO)31.5 billion out of a total of (EURO)240 billion is already overdue and without it, Prime Minister Antonis Samaras has said Greece will run out of euros on Nov. 16. If the country cannot raise any more funds from elsewhere, it would quickly find it impossible to pay its debts. The government would then be forced into issuing its old currency, the drachma, to pay bills and wages. As well as pushing the country out of the eurozone, this could trigger a nightmare of bank runs, hyperinflation and currency depreciation that would vaporize savings and put even the most basic goods out of the reach of many Greeks.
If the country was forced into a default and began printing its own currency, the entire eurozone's finances would become increasingly shaky as markets would assume other countries in the eurozone might be the next to go. Investors would begin to pull their money out of the region or demand higher returns to keep it there.
Greek unions start 3 days of anti-austerity action | Comcast

I'll take Santorini
 

BreezeWood

VIP Member
Joined
Oct 26, 2011
Messages
11,423
Reaction score
721
Points
85
This is where Obama is taking us - Athens Greece.

hopefully for longer than one more day ....
 

boilermaker55

Gold Member
Joined
Aug 12, 2011
Messages
6,405
Reaction score
627
Points
140
Damn nice choice. This could be fun.


Damn! We are going to Greece. I have to pack. Maybe we can take a ship across the Med. and see Italy too.



ATHENS, Greece — Greece's coalition government faces a crucial test in Parliament as unions on Monday launched three days of escalating strikes against austerity proposals that must win lawmakers' support if the debt-crippled country is to get more aid and stave off bankruptcy.
The conservative-led coalition that has governed Greece since June will later Monday present the country's fourth austerity package in more than two years to Parliament. The drastic spending cuts and tax hikes demanded by the country's bailout creditors aim to save some (EURO)13.5 billion ($17.3 billion) in 2013-14. If lawmakers reject them in a vote Wednesday, Greece faces the prospect of losing vital rescue loans that have kept it afloat since May 2010.
The next loan installment of (EURO)31.5 billion out of a total of (EURO)240 billion is already overdue and without it, Prime Minister Antonis Samaras has said Greece will run out of euros on Nov. 16. If the country cannot raise any more funds from elsewhere, it would quickly find it impossible to pay its debts. The government would then be forced into issuing its old currency, the drachma, to pay bills and wages. As well as pushing the country out of the eurozone, this could trigger a nightmare of bank runs, hyperinflation and currency depreciation that would vaporize savings and put even the most basic goods out of the reach of many Greeks.
If the country was forced into a default and began printing its own currency, the entire eurozone's finances would become increasingly shaky as markets would assume other countries in the eurozone might be the next to go. Investors would begin to pull their money out of the region or demand higher returns to keep it there.
Greek unions start 3 days of anti-austerity action | Comcast

I'll take Santorini
 

Dutch

Silver Member
Joined
Sep 11, 2009
Messages
1,746
Reaction score
422
Points
98
Location
Ohio
ATHENS, Greece — Greece's coalition government faces a crucial test in Parliament as unions on Monday launched three days of escalating strikes against austerity proposals that must win lawmakers' support if the debt-crippled country is to get more aid and stave off bankruptcy.
The conservative-led coalition that has governed Greece since June will later Monday present the country's fourth austerity package in more than two years to Parliament. The drastic spending cuts and tax hikes demanded by the country's bailout creditors aim to save some (EURO)13.5 billion ($17.3 billion) in 2013-14. If lawmakers reject them in a vote Wednesday, Greece faces the prospect of losing vital rescue loans that have kept it afloat since May 2010.
The next loan installment of (EURO)31.5 billion out of a total of (EURO)240 billion is already overdue and without it, Prime Minister Antonis Samaras has said Greece will run out of euros on Nov. 16. If the country cannot raise any more funds from elsewhere, it would quickly find it impossible to pay its debts. The government would then be forced into issuing its old currency, the drachma, to pay bills and wages. As well as pushing the country out of the eurozone, this could trigger a nightmare of bank runs, hyperinflation and currency depreciation that would vaporize savings and put even the most basic goods out of the reach of many Greeks.
If the country was forced into a default and began printing its own currency, the entire eurozone's finances would become increasingly shaky as markets would assume other countries in the eurozone might be the next to go. Investors would begin to pull their money out of the region or demand higher returns to keep it there.
Greek unions start 3 days of anti-austerity action | Comcast

Good I love Gyros
 

freedombecki

Let's go swimmin'!
Joined
May 3, 2011
Messages
23,687
Reaction score
7,641
Points
198
Location
My house
Obama is taking us to Greece now?

I thought he was just buying us free cell phones?

Obama gives cell phones.

Romney gives jobs.

I'll take the jobs guy. :D

Romney is giving out blow jobs?

He is getting desperate
Huh? You mean like when Obama blew off small businesses to 2500 pages of Obamacare rules and regulations, and they quit hiring?

Uh, no. Romney is not going to blow off businesses.

He's going to blow up joblessness and replace unemployment with opportunities, jobs, and conditions conducive to making enough profit for the average person to pay employees well and share a stake in the American dream. :)

But you knew that, didn't you, Mr. Rightwinger? ;)
 
Last edited:

konradv

Platinum Member
Joined
Mar 23, 2010
Messages
30,677
Reaction score
6,653
Points
1,130
Location
Baltimore
How is the deficit going up, if it's the House that proposes spending bills and it's run by the Republicans? :eusa_eh:
 

boilermaker55

Gold Member
Joined
Aug 12, 2011
Messages
6,405
Reaction score
627
Points
140
Hey! Quite messing with our ITINERARY on this trip to Greece.


Obama gives cell phones.

Romney gives jobs.

I'll take the jobs guy. :D

Romney is giving out blow jobs?

He is getting desperate
Huh? You mean like when Obama blew off small businesses to 2500 pages of Obamacare rules and regulations, and they quit hiring?

Uh, no. Romney is not going to blow off businesses.

He's going to blow up joblessness and replace unemployment with opportunities, jobs, and conditions conducive to making enough profit for the average person to pay employees well and share a stake in the American dream. :)

But you knew that, didn't you, Mr. Rightwinger? ;)
 

USMB Server Goals

Total amount
$201.00
Goal
$350.00

Most reactions - Past 7 days

Forum List

Top