07 May 10
As we see riots in the streets of Greece explode after the government has vowed to slash spending and increase taxes so as not to become insolvent, can we expect to see more of this in the future as we see other governments headed in the same direction? In short, is this the beginning of the end for "democracies" around the world?
07 May 10
Originally posted by whodeyI think it is the beginning of the end for fiat currencies. At least the ones currently in existence. Mankind will make the same mistake again sometime down the road.
As we see riots in the streets of Greece explode after the government has vowed to slash spending and increase taxes so as not to become insolvent, can we expect to see more of this in the future as we see other governments headed in the same direction? In short, is this the beginning of the end for "democracies" around the world?
07 May 10
1 edit
So where are all the socialist groupies out there? Who is to blame? Did Greece sell out their own people to the IMF by slashing their entitlements and raising their taxes at their insistance? Should Greece have given the finger to the IMF in regards to their bail out money and instead ONLY gone after the "rich" in their country to seek "social justice"? Or was Greece simply fiscally incompotent and living beyond their means?
07 May 10
Originally posted by whodeyChaos is a greek word.
As we see riots in the streets of Greece explode after the government has vowed to slash spending and increase taxes so as not to become insolvent, can we expect to see more of this in the future as we see other governments headed in the same direction? In short, is this the beginning of the end for "democracies" around the world?
07 May 10
Originally posted by whodeyi'm thinking no one else was going to help bail them out if they couldn't get the IMF on board.
So where are all the socialist groupies out there? Who is to blame? Did Greece sell out their own people to the IMF by slashing their entitlements and raising their taxes at their insistance? Should Greece have given the finger to the IMF in regards to their bail out money and instead ONLY gone after the "rich" in their country to seek "social justice"? Or was Greece simply fiscally incompotent and living beyond their means?
07 May 10
Originally posted by whodeyThe blame lies with the Greek government and its inability to tackle corruption and tax evasion as well as funding prestige projects such as the 2004 Olympic Games they could not afford. Countries with similar rates of corruption face similar issues.
So where are all the socialist groupies out there? Who is to blame? Did Greece sell out their own people to the IMF by slashing their entitlements and raising their taxes at their insistance? Should Greece have given the finger to the IMF in regards to their bail out money and instead ONLY gone after the "rich" in their country to seek "social justice"? Or was Greece simply fiscally incompotent and living beyond their means?
07 May 10
Originally posted by KazetNagorraWhat's a rate of corruption?
The blame lies with the Greek government and its inability to tackle corruption and tax evasion as well as funding prestige projects such as the 2004 Olympic Games they could not afford. Countries with similar rates of corruption face similar issues.
07 May 10
Originally posted by whodeyNew Jersey is being forced to slash spending (especially on education) and increase (property) taxes so as not to become insolvent. And despite some testiness from the governor and members of the various interest groups, things seem to be going relatively peacefully.
As we see riots in the streets of Greece explode after the government has vowed to slash spending and increase taxes so as not to become insolvent, can we expect to see more of this in the future as we see other governments headed in the same direction? In short, is this the beginning of the end for "democracies" around the world?
Maybe despite our rowdy politics, the great majority of people in the US are actually very willing to accept the medicine that's needed to heal our fiscal problems.
07 May 10
Originally posted by MelanerpesThen we're going to need a whole lot more like Christie to spoon out the medicine, but he seems to be a rare find.
New Jersey is being forced to slash spending (especially on education) and increase (property) taxes so as not to become insolvent. And despite some testiness from the governor and members of the various interest groups, things seem to be going relatively peacefully.
Maybe despite our rowdy politics, the great majority of people in the US are actually very willing to accept the medicine that's needed to heal our fiscal problems.
07 May 10
Originally posted by SleepyguyLet's not give homage to the Mighty Christie quite yet. He's got a lot on his plate and he faces many challenges.
Then we're going to need a whole lot more like Christie to spoon out the medicine, but he seems to be a rare find.
But there is one reason why I generally have a LOT more respect for governors than other politicians (and especially talk show hosts).
Governors can't just blather on about terrible the other party is. They can't even yak incessantly about the need to balance the budget. They have to actually put forth specific plans that (especially in times like the present) may inflict pain on real people. They have to face all of the unpleasant music and find a way to get it to pass.
If Christie wants his governorship to be a success, he needs to actually achieve things. He can't just sit around sucking lemons and then declare victory in the mid-term election.