Posted by
ApolloSpeaks on Tuesday, February 21, 2012 9:35:53 AM
For its financial and economic salvation Greece needs a revival of the Spartan spirit of discipline, austerity and self-deprivation. What they need is a leader like King Leonidas (above).
I wish the headline were true. Greece is mortally wounded with a massive unsustainable, unpayable crushing debt of $500 billion. The $172 billion bailout deal announced today (like the first that failed over the last 22 months*), is just kicking the can further down the road to inevitable default and socialist doom. In the meantime the austerity measures required by this deal (pension, benefits and wage cuts) are so excruciatingly severe that the angry Greek masses will be up in arms crying ever louder to leave the EU. What lies ahead is a country of falling consumer demand, falling prices, falling GDP, falling everything as more Greeks lose their jobs, homes, businesses and national pride, and the Greek spirit and economy plunge into depression. Just another horror story in the tragic history of utopian socialism. Will this nightmare be the future of America? Election Day will tell.
*$110 billion Euro.
Postscript
LaDiDa writes in the comment section: You Conservatives
keep pointing to Greece as a warning to us. Well since it has embarked on an austerity program , much like you cons prescribe for this country Greece has economically imploded. It has gone from bad to much much worse.
I wrote in reply:
LADIDA
Greece needs to cut off the diseased leg of unsustainable deficit spending and debt to save the rest of its body. Unfortunately, it has no way back to fiscal and economic health and sanity except through pain and hell.
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