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To: C19fan
US and Greece helping to save the Euro

...by borrowing more and more of them.

6 posted on 02/19/2015 8:40:37 AM PST by Yo-Yo (Is the /sarc tag really necessary?)
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To: Yo-Yo
The problem for Greece is that they have such a high degree of Welfare and Government Employee spending that their economy has relied on borrowed money to meet government payroll and socialist welfare payments to people on the Dole.

Greek Socialist policy has killed the private sector and made a huge majority of the population dependent upon welfare or government spending.

Greece has no other real private sector economy capable of supporting it's people because so many either depend on welfare for their survival or depend on government make work jobs administrating those welfare programs.

The minute the borrowing stops, the economy model becomes unsustainable

Obama is doing the same thing here which is the reason he is so desperate to support Greece. If their house of cards falls apart, so does Obama’s

25 posted on 02/19/2015 10:05:24 AM PST by rdcbn
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