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+---- Thread: How long before we look like Greece today? (/thread-434085.html)
How long before we look like Greece today? - georgia_tech_swagger - 05-06-2010 05:28 PM
At least the government union workers directed their anger in the right place by trying to storm parliament.
RE: How long before we look like Greece today? - smn1256 - 05-06-2010 05:42 PM
While the entire country might not end up like Greece, there's nothing stopping California from trying.
RE: How long before we look like Greece today? - flyingswoosh - 05-06-2010 05:49 PM
(05-06-2010 05:28 PM)georgia_tech_swagger Wrote: At least the government union workers directed their anger in the right place by trying to storm parliament.
i don't think it'll be very soon, but if we keep going this route, it'll happen in a decade or two
RE: How long before we look like Greece today? - TomorrowHerd - 05-06-2010 07:41 PM
As i was reading up on this today, all I was thinking was..... there but by the grace of God go us.
RE: How long before we look like Greece today? - DrTorch - 05-06-2010 07:49 PM
(05-06-2010 05:49 PM)flyingswoosh Wrote:(05-06-2010 05:28 PM)georgia_tech_swagger Wrote: At least the government union workers directed their anger in the right place by trying to storm parliament.
i don't think it'll be very soon, but if we keep going this route, it'll happen in a decade or two
I'm guessing we'll see things like this in 2-3 years.
RE: How long before we look like Greece today? - WoodlandsOwl - 05-06-2010 07:50 PM
If California craters, God help the rest of us.
I don't know what would be worse-- the resulting "economic dislocation" or the measures Obama takes to "prevent" it from happening to other states..
RE: How long before we look like Greece today? - georgia_tech_swagger - 05-06-2010 08:28 PM
I know one of the Rice fans here is a Jim Rogers fan ...
Jim: Greece needs to go bankrupt.
RE: How long before we look like Greece today? - MileHighBronco - 05-06-2010 08:52 PM
I ran across this the other day on a blog site called Radio Free New Jersey. All I could do is laugh at his on target skewer.
"An Open Letter To Greek Protestors"
Morons,
There is no money. There is no one else’s pocket left to pick. You can’t borrow anymore, you can’t print anymore, and you can’t steal anymore from anyone else. The people who will be paying the bill to keep you from reentering the 15th century are, unlike you, working very hard. They deserve better than you spoiled pampered children are giving them.
You object to the bond market, but the bond market is just the voice of reality calling. It’s telling you that 2 plus 2 is still 4, no matter what your union bosses would have you believe. Your bosses tell you that ‘the people’ didn’t spend the money, but it’s not true. That’s exactly who has wasted the money, and now the bill is coming due. Right now the Bond Market is actually your very best friend. It’s telling you what a horrible mistake you’ve made, and giving you a chance to undo it, before it’s too late.
The standards that the Germans are living by right now are unsustainable in their own right, but they are a lot closer to reality than you are. At the very least you should pull up your pants, wipe that stuff off your face and be responsible enough to live at that level. Since it’s they who will be coming up with the bulk of your shortfall you should do it out of good manners if you can’t manage any other reason. And once you do, the rest of us will step up and pull you back from the brink.
But the truth is, we’re not going to pull you that far. If you continue to make no contribution to productivity, your life from here on out will be one of relative hardship and poverty. And frankly that’s how it should be. You can live your lives any way you like as far as we’re concerned, but no one is going to reward you for getting drunk on the beach anymore. In the modern world you’ll only get out of the system what you put into it. Either work – or learn to live without.
Socialism always was (and frankly – still is) a horrible idea. It’s the reason you’re in this embarrassing position in the first place. In the eyes of the world you all look just as stupid and spoiled as can be. You could be protesting in diapers and demanding that ‘the state’ wipe your behinds and it would only marginally affect your public image. You need to accept the fact that there are no circumstances under which politics can arrange for nothing to be equal to something. You can not make a contribution of zero and expect to get a benefit greater than that.
You’ve thrown your bottles, burned your flags, waved your signs and had your fun. Now it’s time for you to learn the lessons of history and abandon this idiocy before we finally lose our patience with you. Grow up – and get back to work.