Archived material Access restricted Article
Rantburg

Today's Front Page   View All of Sun 02/05/2012 View Sat 02/04/2012 View Fri 02/03/2012 View Thu 02/02/2012 View Wed 02/01/2012 View Tue 01/31/2012 View Mon 01/30/2012
1
2012-02-05 Europe
Greece faces 'deadline to clinch bailout'
Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by Fred 2012-02-05 00:00|| E-Mail|| Front Page|| [229 views ]  Top

#1 We should be watching these events unfold. Our government has done the same thing but only in a much bigger way. Increase taxes, continue to spend, and barrow. What happens when you can no longer barrow is what we are about to see (China has lost 250- nearly 500 billion on our dollar). So government must cut safety nets. Cut government services/programs. Then turn on their people to save themselves. Tax revenue continues to decline.They have made mistakes that have been made many times in the past. I remember in (I think it was the Hunt for Red October) "you ass, you have killed us").
Posted by Dale 2012-02-05 11:00||   2012-02-05 11:00|| Front Page Top

#2 Perhaps it's a law of nature that the rubes can't understand the concept of a government -- an entire nation -- running out of money.

I'm sure B.O.'s counting on that.
Posted by Fred 2012-02-05 12:15||   2012-02-05 12:15|| Front Page Top

#3 Fred, B.O. is one of those rubes. I doubt he's ever considered that it might take more than his anointed presence, the lapdog media, and a good protection racket.
Posted by RandomJD 2012-02-05 13:28||   2012-02-05 13:28|| Front Page Top

#4 Nah, he's just planning on getting his, and continuing to get his, while we get nuttin'.
Posted by Steve White 2012-02-05 14:23||   2012-02-05 14:23|| Front Page Top

#5 Most politicians are not leaders. They wii not tell the bad news and will tell the public what the think the public wants to hear. An exception to this rule was Winston Churchill. Maybe jealousy explains part of the reason why Winston's bust got sent back from the White House.

Most politicians are parasites. They live off the fat of the land.

So......if the public does not demand responsibility, politicians will say platitudes while the country collapses.
Posted by Alaska Paul  2012-02-05 14:26||   2012-02-05 14:26|| Front Page Top

#6 Governments that print their own currency and only borrow in their own currency never run out of money.

Rather the reverse. They end up with far too much of it. Like Zim where it took a gazillion zimdollars to buy a loaf of bread.
Posted by phil_b 2012-02-05 18:07||   2012-02-05 18:07|| Front Page Top

#7 Good point, phil. I stand corrected.
Posted by RandomJD 2012-02-05 20:14||   2012-02-05 20:14|| Front Page Top

23:57 JosephMendiola
23:54 JosephMendiola
23:52 rammer
23:45 JosephMendiola
23:07 JosephMendiola
22:45 rammer
22:43 Lone Ranger
22:29 trailing wife
22:15 Rob06
21:31 Rjschwarz
21:26 USN, Ret.
21:23 European Conservative
21:20 European Conservative
20:40 Barbara
20:27 JosephMendiola
20:25 Secret Master
20:24 JosephMendiola
20:21 JosephMendiola
20:17 JosephMendiola
20:14 RandomJD
20:13 JosephMendiola
20:03 Dale
20:01 Sgt. Mom
20:00 JosephMendiola

Rantburg was assembled from recycled algorithms in the United States of America. No trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
54.92.241.157


Paypal:
Google
Search WWW Search rantburg.com