Western Europe simply says; "Show us a balanced budget plan, so we can trust that you will move to solvency and pay back the loans we're guaranteeing.".
To the Greeks, a balanced budget would mean the free stuff would end. They love the free stuff. They would perhaps give up the government-paid vacations, paid maternity leave... for dads., 4-day work weeks, free healthcare, free schooling, national union contracts, etc..
The Greeks wanted to keep up with the French and the Italians. But they became the Serbians, instead. Here's a simplified list of terms the EU has presented to Greece, in exchange for cosigning the loans to float their national government:
Greek whining and suffering will continue for at least another decade. Even if their tourism and industry explodes with great growth, they will still be anchored down with debt repayment for a long time. Only true free market private industry can they see real growth. But what industry wants to set up a manufacturing investment in a nation with twice the tax rates as the neighboring countries?
Wouldn't true default and bankruptcy be better in the long run? It would be a living hell for a few years, but followed by real opportunity and unshackled growth. The Greek bailout may not be the kindest gift to Greece. It may really be a gift to the international financiers who would be stuck with uncollectable loans. And that takes us back to the ongoing globalist conspiracy theories of the Rockefellers, Bilderbergers, and the like.
A Warning To The USA
To America's political Right, there is strong consensus for a balanced budget. But there is a strong pocket of resistance in the right about calling for a Convention of States so as to draft the amendment. This pocket says; "Too risky! Why, they may also draft another document we don't like, and we'd have to fight against it!",
Whatever proposal comes out of a COS, it would need 75% of the 50 states voting to adopt it. and that's no small feat. The populist West Coast, Great Lakes, and New England states will not like the idea of living within our means.
So we keep sliding down the slope toward Greek tragedy....
Opinion of the Editor
We recently moved our blog. Our archives are still partially stored at our old site.
David Van Risseghem is the Director of Sooner Politics.org. The resource is committed to informing & mobilizing conservative Oklahomans for civic reform. This endeavor seeks to utilize the efforts of all cooperative facets of the Conservative movement...