Another Look At Greece.

Thought I’d follow up on the Greek riots since the MSM is silent today on the devastating riots of yesterday for no apparent reason. They seem to have subsided but are probably not over with yet. Anyway, digging a little deeper into the cause of all the upset, it seems that the Greeks have been getting steadily poorer since the 1990’s, and Multiculturalism may be the primary cause coupled with the Socialist government.

Greece is a small country with a current population of only about 11 million people. They’ve grown by nearly a million people from immigration as a direct result of joining the EU, many of the immigrants are illegal and all of those immigrants have come in from countries a lot poorer than Greece. Greece has been a poor country for a very long time. That was made a lot worse by the Germans in WWII and never got much better afterward, and the Socialists gained popularity by borrowing from richer countries and creating entitlements for the poorest people. Just like Socialists including Obama have been doing here for decades.

Greek wages are low and they’ve barely been getting by, it seems, and the riots are over further increases in austerity by lowering the minimum wage another 22% (third time in a year) and firing a lot of people off their public-employee jobs. Pensions and welfare programs have also been cut. They just don’t have the money anymore to keep paying people to work for the government. We don’t either, which is part of our current crisis.

Greece had to accept these severe austerity measures in order to keep paying back their debt to the EU. If they default they will be booted out of the EuroZone, which is the EU countries that use the Euro as a common currency. In other words, they’ll have to go back to the Greek Drachma, which will be nearly worthless on world markets compared to the Euro, because Greece’s credit rating is in the sewer. If that happens there will be a lot of starving people in Greece and all those illegals on the dole may finally go the hell back to Bulgaria, Romania or Pakistan. We need our illegal Mexicans to do the same for America.

DEBT brought on by borrowing to support welfare programs and by having too many government employees is what is causing the riots in the streets of Greek cities. Other EU nations, such as Ireland, are also facing increased austerity for the same reasons.

So what does Obama and his horde of radicals want to do? Borrow another 1.3 Trillion Dollars to add to the $4 Trillion Dollars he’s already added to our National Debt. This year we will pay about a half-TRILLION dollars in interest as it is. Total Federal income last year was $2.2 trillion, total Federal spending last year was $3.6 trillion, the excess was obtained by borrowing it.

No, I don’t have any plan for you here, this is simply looking at Greece and Europe in general and comparing that mess to our mess.

3 Responses to “Another Look At Greece.”

  1. Hal (GT) says:

    It’s good to see someone else state how much of the problem in Greece is a result of debt. It’s only a matter of time before the debt bomb explodes here as well. We’re better suited to postpone it because our currency is linked to several other nations as Greece’s is, but with our government, as you noted, only adding to our debt, it’s just a matter of time.

  2. PALADIN says:

    Greeks also have the highest rate of income tax evasion in the EU. Seems they have a whole underground economy that does’nt count itself on the tax roles. I can see that happening in the USA as well, the more that turd in the White steals, the more people that will say to hell with giving the goverment our money.

  3. Black Sheep says:

    In fact, that’s exactly right. As incomes fall and prices rise, more and more Americans are either not filing their taxes at all or are cheating like hell, in order to have enough to eat on. This has really taken a chunk out of Fed income, and since Obama won’t reduce spending to match like he should, he borrows instead to make up the shortfall. This increases inflation, meaning prices, making the dollar worth less, causing more people to report even less income as their effective income keeps dropping and jobs get even scarcer.