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A good example of running out of other people's money:


1 posted on 07/15/2015 1:36:03 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Is that Baltimore?


2 posted on 07/15/2015 1:38:50 PM PDT by glasseye
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To: Oldeconomybuyer

Coming soon to a City, County, or State near you!


3 posted on 07/15/2015 1:39:01 PM PDT by eyeamok
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To: Oldeconomybuyer

Be interesting to know how many of these MPs have stashes of OPM in other countries, and how much each has salted away.

These are the folks who spent the days before the deadline withdrawing so much cash from the ATM in the Parliament building that it had to be refilled three times.


4 posted on 07/15/2015 1:39:10 PM PDT by Steely Tom (Vote GOP: A Slower Handbasket)
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To: Oldeconomybuyer

Just about every National Park with woods has a sign: DO NOT FEED THE BEARS!.......................There’s a reason for that...............


5 posted on 07/15/2015 1:45:01 PM PDT by Red Badger (Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
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To: Oldeconomybuyer

Socialists attacking their socialist government.

Reality....thou art so cruel.


6 posted on 07/15/2015 1:45:57 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: Oldeconomybuyer

Hey, this is us if we actually had creditors rather than investors.

And really, that’s at the heart of Greece’s problems. They don’t have investors in their debt, they have banks loaning them money. Don’t pay back the old loans, don’t get new loans.

And really, they can’t pay back the old loans short of cutting someone. They have to cut the amount owed and still ask those same people to give more money. The Greeks want that to be someone else who takes it in the shorts and then ponies up more money.

That’s not going to happen. So now it’s the Greeks who take it in the shorts, plus have to pony up more money.

I’d say that usury was at fault here, but no, national embezzlement at all levels is the reason - impossible promises for employees including lifetime pensions, a national avoidance of paying taxes, and cradle to the grave benefits for just about anyone who steps on Greek land.

Sorry that they’re not pleased at what they did to themselves, and what they have to do to themselves to get out of it.


7 posted on 07/15/2015 1:46:18 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: Oldeconomybuyer

When you have a welfare state the money has to come from somewhere. In the US this money comes from slow devaluation and borrowings from the grandkids future.

Dystopia later

Sorry about that Junior


8 posted on 07/15/2015 1:48:26 PM PDT by GeronL
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To: Oldeconomybuyer
Thousands of anti-austerity demonstrators have marched through the centre of the city

"Austerity" vs. "Anti-Austerity." What a joke. More like Reality vs. Anti-Reality. I take that back, even the "Austerity" side is out of touch with reality. None of them are going to make the necessary changes to cut spending enough.

12 posted on 07/15/2015 2:18:59 PM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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