A Billion Drachmas Here, A Billion Drachmas There, Pretty Soon You're Talking Real Money

Link:

HERE

I bet Britan, France, and Germany are rueing the day they ever let Greece into the EU. Given Greece's overspending, debt, deliberatitely deceptive accounting, and me-first unions, it was only a matter of time before they showed up, hat in hand, on the EU's doorstep to beg for money.

It is easy for the USA to dismiss the financial troubles of Greece due to size (economically the USA is almost 50 times bigger), but I think there are important lessons for us here, since the causes that are driving Greece to the brink are present here too.

Especially the four I listed 2 paragraphs up.

Government overspending? Oh yeah, we have that! And an out-of-control congress only too willing to push problems into the future (when they all magically get solved). Since our Congress has shown they have no ability whatsoever to live within their means, they clearly need some sort of help. I'll provide some first-steps at the end.

Debt? Got it.

Deliberatitely deceptive accounting? We have this, in at least three different ways:

First, some key government statistics, like unemployment, are politically intentionally misrepresented to give the illusion of of a smaller problem.

Second, much sleight-of-hand goes into making the U. S. Budget look better than it is .

Third, we invented the concept of "to big to fail" , bailing out quasi-private financial firms with taxpayer dollars. (fear of) Failure ensures success. If any business knows they have an Uncle Sam Backstop should they fail, they will not learn the hard lessons they need to be a true success. http://stoptoobigtofail.com/stop/

Me-first unions? This hardly needs explaning... but a big portion of what drove GM to ruin was/is ruinous UAW contracts that effectively add thousands of dollars to the price of any new GM car. LINK

Yes, GM had to stupidly agree to the contracts, so they bear some culpability too.

NEA shows an analogous story. Many teachers have lifetime pensions, often at the same final working salary of the teacher . A pension like this is almost unheard-of in the private sector - but if Uncle Sam is bankrolling it, hey, why not?

School districts add Propositions and Mill Levy Proposals to local ballots, and they like to pretend it will be used for new textbooks and #2 pencils, but the elephant in the room is these underfunded pensions that shouldn't exist.

-------

So, what should we do? I have three concrete proposals:

1) Starting NOW, eliminate lifetime pensions in government positions. Pensions should be funded like the private sector, with a defined input and a defined output and a low lifetime cap.

2) Eliminate the pay-scale gap between public and private sector - today it is very lopsided in 'favor' of the government LINK .

3) Scale the pay and numbers back by 10% for all federal employees annually, until the budget is balanced.

Views: 17

Comment

You need to be a member of Tea Party Command Center to add comments!

Join Tea Party Command Center

Comment by Dave Noyb on May 2, 2010 at 3:59am
Yes. The fact that this is so obvious makes me think no one in power really wants to solve the problem. Step 1: get 'em out. Step 2: If the new posers can't solve obvious problems, repeat step 1.

LIGHTER SIDE

 

Political Cartoons by AF BrancoPolitical Cartoons by Tom Stiglich

Political Cartoons by AF Branco

ALERT ALERT

Angry Dem Impeachment ‘Witness’: Pam Karlan Donated Thousands To Hillary And Was On Clinton’s List For Potential SCOTUS Nomination

Image result for Pam Karlan

The House Judiciary Committee, chaired by Rep. Jerrold Nadler, kicked off its first impeachment circus Wednesday morning.

The four ‘witnesses’ testifying have never actually witnessed any of Trump’s dealings with Ukraine firsthand — the four witnesses are law professors offering legal analysis.

One of the witnesses the Dems rolled out is an angry Hillary Clinton donor who was on Crooked’s list for a potential Supreme Court nomination.

No wonder why this unhinged, dowdy woman is so pissed off!

“Professor Pam Karlan donated thousands of dollars to Democrats and was on Hillary Clinton’s list for a potential Supreme Court nomination. So she certainly has no vendetta against President Trump,” GOP Rep. Mark Walker said.

Congressman Walker also pointed out that Noah Feldman, the Dems first partisan witness in Wednesday’s hearing tweeted about impeaching Trump right after he was sworn in.

Rep. Mark Walker   RepMarkWalker

Meet Noah Feldman, House Democrats first partisan witness.

Look at the date of this tweet. He has been trying to get @realDonaldTrump impeached since 46 days into his presidency.

His reason? Trump criticized President Obama.

This is a sham impeachment with sham witnesses. https://twitter.com/NoahRFeldman/status/839185127494254592 

Noah Feldman @NoahRFeldman

Trump's wiretap tweets raise risk of impeachment http://bv.ms/2mY1ueX  via @BV

Rep. Mark Walker   RepMarkWalker
 

The next witness, Karlan, has donated thousands to Democrats and was on Hillary Clinton’s list for a potential Supreme Court nomination.

So she certainly has no vendetta against @realDonaldTrump.

These witnesses are as serious as House Democrats impeachment case: not at all.

The entire sham show trial is stacked with partisan hacks who have wanted to impeach Trump from the moment he won in November of 2016.

Norm Eisen, the Democrats’ counsel who is blasting Trump and questioning witnesses in Wednesday’s show trial, tweeted about impeaching Trump before Donald Trump was even sworn into office!

Infantilization of Popular Culture

© 2019   Created by Steve - Ning Creator.   Powered by

Badges  |  Report an Issue  |  Terms of Service