Search
 

Greece Is The Canary In The Coal Mine For America

Greece has become totally irresponsible with other people's money and is the example of what the US will be if the liberals get control

By Joel Ross | Updated on July 12, 2015

The Europeans have already given the Greeks $287 billion which the Greeks promptly gave away to pensioners, and blew thru corruption. Greeks hardly pay any taxes so the $287 billion was from taxpayers of the rest of Europe. Then the Greeks thought they could bluff the Europeans and scare them into more money, and the attitude was I dare you. Well, now the Greeks found out that their bluff got called. Greece has almost no real industry other than tourism. They have no real functioning tax system. The only reason Greece is not a third world country is the $287 billion Europe flushed down the toilet of Greece. Now the Greeks think Germany and Finland are bad because they refuse to pour more money down the rat hole. Why should the taxpayers of Europe continue to spend their hard earned dollars to support the do nothing lifestyle of Greeks.

Last week Steve Leesman, the CNBC who poses as an economist, was going on about how there was a moral obligation of Germany and the rest of Europe to continue to provide funding to Greece to maintain a standard of living for the Greeks. In short, Europe, in his view is morally obligated to waste its money maintaining the entitlement state of Greece but the Greeks have no moral obligation to act responsibly nor to make the cuts and reforms required to be a responsible country. This same line of nonsense gets repeated by the NY Times and other liberal commentators who go on about the mean Germans. These are the same as the Elizabeth warren, Obama, Sanders left wing crowd in the US.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.