The Big Fat Greek Bailout - HUMAN EVENTS

The Big Fat Greek Bailout - HUMAN EVENTS:

by Rep. Cathy McMorris Rodgers

"Greece’s economic crisis was caused by too much government spending and borrowing which weakened its already over-taxed, over-regulated economy. Although Greece’s population is just 11 million, it has more than one million public-sector employees. Greek civil servants enjoy 14 months of pay for 12 months worked, and their average retirement age is 53. Once retired, they enjoy generous pension benefits worth 80% of their salary. Greece will run a budget deficit this year worth 14% of its GDP, and its entire national debt will equal 113% of GDP. These policies proved unsustainable, and so the European Union and the IMF were called in to rescue Greece before international investors stopped lending them any more money."

"The Obama Administration on Sunday approved U.S. participation in an international bailout of Greece that will cost American taxpayers billions of dollars."

(mjd - my comments)

So let me see if I get this:

Greece (and other nations in Europe... and to a large extent this happening in Canada & the US as well) creates a false economy by having massive amounts of people working in the public (ie: Tax dollars funded) sector with cradle to grave care and babysitting, along with generous vacation time and early retirement.... and now YOU are going to write a large cheque, from your hard earned funds... or from your kid's college account... and send it to these people who now riot in the streets (think temper tantrums like babies) because they won't face the reality that their 'soft-life' system is not sustainable. How big is that cheque anyway... how big is the next one... and the next? Make NO MISTAKE... those funds that are being sent to Greece now, and others later... oh and don't forget the cheques you already wrote to GM and all those banks and Insurance companies... well those funds, those dollars... TAX DOLLARS... they come from somewhere... YOUR POCKET - YOUR SAVINGS - YOUR EARNINGS... or those of your kids and grandkids or both.

Feels pretty good eh!