Friday, May 7, 2010
It's Your Money
Whoooee! The rioting in Greece is really something. It puts to shame anything the Athenians ever did to Sparta. Or, was it the other way around? It's all too confusing for this Physical Education Major to comprehend let alone put down on paper but I'll try. If you have another idea please don't hesitate to comment. As I understand it the Greek people, being a socialist nation, depend on the government for their needs. Unemployment is high. The government needs money to save these "entitlements" for the people but with so few people working the natives are reluctant to pay their taxes. No taxes mean no services. Well, kiss my Socrates and feed me poison. It's an endless circle. To the rescue comes the International Monetary Fund, giving aid and comfort to the Greek nation. The US of A, being a member of the IMF, is a part of this bailout. Larry Sabato, economist, says, "6% of the American people pay our taxes. How long can we milk them before the teat stops giving"? Spend, spend, spend seems to be the answer for governments. What the heck ever happened to save, save, save?
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