Why is the United States involved in a futile scheme to bail out the basket case economy of Greece, which despite its membership in the European Union, is a borderline third world socialist country?
According to some estimates I’ve heard the U.S. will be kicking in up to $10 billion in funding to bail out Greece via the International Monetary Fund.
It’s flushing money down a socialist toilet. And then the other fiscally doomed countries—including Spain, Portugal, and Ireland—are going to whine and demand a bailout too—and knowing how much backbone President Obama has, we’re going to give it to them.
The Greek bailout will solve nothing, only delay the day of fiscal reckoning for the spendthrift Hellenic welfare state where hard work is for suckers.
Glenn Beck touched on the topic of excessive indebtedness on his TV show last week (no video; link to transcript). He also noted that the rioters in the streets in Greece were left-wingers and union members. He added sarcastically
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