We are going to get to watch what happens when socialists finally run out of other people’s money.
It will be ugly, but instructive as well as very entertaining.
L
I’ve got a bad feeling Greece will get a “loan” from the US to bail out the bailout; perhaps thru a special Federal Reserve action. They’ve bailed out foreign banks, why not bailout a whole country? Is it any surprise that rewarding bad fiscal behavior has resulted in more bad fiscal behavior?
All those hair dressers that retired with full pensions at age 50 will be throw fits in the street when that 50,000,000 drachma monthly check buys 2 or 3 olives.
Instructive to watch a service based progressive/socialist economy self-immolate.
The funny part is that the Greeks will demand MORE Socialism as the solution to their problems. Never fails.
When socialists - like the American Gov’t these days - run out of money, they never admit they are wrong.
They seize more.
I am rooting for Greece.