Posted on 01/02/2011 3:06:49 PM PST by Flavius
OME, Jan. 2 (UPI) -- Violent protests in Southern Europe reflect growing anger and despair among youth shut out of a future, economists and political observers say.
The most highly educated generation in the history of the Mediterranean is facing one of its worst job markets, experts warn.
In Italy, where university cuts have provoked protests, President Giorgio Napolitano warned of "the pervasive malaise among young people" in his year-end address, The New York Times reported.
(Excerpt) Read more at upi.com ...
Are you as tired as I am of blaming the “boomers” for everything? I know my generation has its share of elitist, liberal idiots, but for heavens sake, the majority of people born from 1946-1964 has paid for their own education and that of their children, their parents retirements in the form of expanded Social Security and Medicare (enacted conveniently before the boomers went to work in the late 1960s), Medicaid, and on and on. We have been taxed and taxed and taxed.
And now that the bill is coming due and we are getting too old to work? “Sorry partner, it’s all been spent. But we will pay for your doctor to talk to you about end-of-life options.”
The solution is to get rid of their unions and rely on free markets to determine the wage, not government.
But they are so far from seeing the light, I don’t expect them to ever get it right.
As if they ever intended to work. Freeload in university for a decade is more like it.
“If anyone thinks the generation of people under 30 around the world will voluntarily pay for all the debts of the boomers, the rude awakening alarm clock will soon be going off.”
Part of ObamaCare is to be funded by cuts to MediCare; the government is already opting to give goodies to illegals and the underclass that had previously gone to retired productive citizens (for which those retirees had witholdings from their paychecks). This is the first time I can recall anyone risking the senior vote, and I can’t believe how muted the reaction seems to be from what had been (and should be still) a formidable voting bloc. The only way the Dems stay competitive in elections is by registering more illegals than the number of seniors they’ll lose.
The Federal Reserve is the enabler of the Congress’s overspending.
They have a sweet racket where the government borrows from the Reserve all the shortfalls in taxation, the Reserve then takes the promise-of-repayment and sells it to whomever will buy it; but not only that, all the money in circulation is owned by the Federal Reserve (pull out a Dollar and look on the front above “United States of America” and you will see “Federal Reserve Note” in the border).. so, the Federal Reserve owns not only our debt, but our monies as well, and as such it can literally steal all your wealth away [if it is in Federal Reserve Notes].
If you took EVERY single dollar in existence and offered them all to the Federal Reserve it would not pay off all the debt. IOW, we ARE slaves and there is nothing with which to buy our liberty, except perhaps blood.
And The Congress bears MUCH of this blame. The Constitution gives the Congress the power to regulate monies, but it does not give the Congress the power to delegate that responsibility to a private institution [the Federal Reserve].
Now, granted, there aren’t many in Congress who actually had a hand in the formation of the Fed; meaning that they aren’t personally responsible for STARTING this mess.... But they’ve always been in a position to demand an audit or to change policy or to abolish it and therefore do carry blame. Things are coming to a head, we are quickly approaching the point where ALL taxation by the federal government will not be enough to pay even the interest; and NOTHING good can come of _that_.
“And now that the bill is coming due and we are getting too old to work? “Sorry partner, it’s all been spent. But we will pay for your doctor to talk to you about end-of-life options.”
Like I said, divide and conquer. Get the youngsters to hate their elders and ruling us will be much easier.
“ybe the ENTIRE CONGRESS will shout YOU LIE this time. (I can dream right?)”
You keep dreaming and so will I. Meanwhile, I’m going to have a shot of Jim Beam Rye.
“The solution is to get rid of their unions and rely on free markets to determine the wage, not government. But they are so far from seeing the light, I don’t expect them to ever get it right.”
The “free markets” are doing a job on the US economy; the prevailing wage for most of our work would be measured in calories of food in Asia rather than dollars. The Europeans are trying to prevent what happened to our country from happening to theirs (clinging to their manufacturing sectors) - with bad results that are no worse than ours. They may not have the answers, or be outright wrong in them, but they seem much more involved than their American counterparts. While I don’t like to see socialism in the US, I like to see the Europeans demand some type of representation from their elected officials; if we had a multi-party system like many European countries have we’d probably have better accountability. At this point we really just have one party, and there is nothing “American” about it.
“Question: would it be illegal for a huge group of Americans to storm/invade/kill the Federal Reserve?”
I would settle for prosecutions but that ain’t gonna’ happen. Too many in Washington are connected (bought off) by the financial powers to effect any meaningful reform.
The Federal Reserve controls this country and by default the foreign owners of the FED control us.
Socialism certainly has a hand in Europe’s dismal employment figures, but at this point they face a much greater danger from the same threat to our economy: they are competing with people who work for peanuts, who are given little of the legal protections that US or European workers enjoy, and they’re furious about it. We are, too, but we’re taking it pretty quietly.
“the prevailing wage for most of our work would be measured in calories of food in Asia rather than dollars.”
No. The exchange rate adjusts to equalize the overall price levels. The good jobs are not going overseas. They are succumbing to too much government.
What you said!!
Soylent Green is people, beeotches.
I’m sure more welfare, higher taxes, and a shorter work week will help create even more jobs than that approach has in the past!
Thanks Flavius.
American workers (in most jobs) have lost any leverage in bargaining for decent pay; if by too much government you mean things like safe working conditions, workers comp insurance, etc., then I don’t see that as too much government. Most things unions worked for decades ago were made into law; now many of those things are starting to disappear, not because the American free market,but the global market in which the American workers have to now compete, dictates as much.
As far as exchange rates equalizing, look at how fast the middle classes are growing in India and China while shrinking here. We are losing our economic viability to those countries.
Typical “youth” Schedule:
Monday — riot about the end of “free” education and making students pay more
Tuesday — riot about lack of jobs
The idiot “yutes” see no connection between the social welfare state giving everything to everybody for “nothing” and the lack of jobs.
A Mass Exodus Of Young Greeks Threatens To Make Debt Problems Many Times Worse
Business Insider | 09/15/2010 | Vincent Fernando CFA
Posted on 09/15/2010 7:35:09 AM PDT by SeekAndFind
http://www.freerepublic.com/focus/news/2589571/posts
Even if we banned all trade, the Asian nations would continue to experience high growth because they are in the middle of a capitalist boom. Economic growth is primarily the result of capital accumulation. We are currently experiencing a decline in our capital base because the meddling of government and unions has made business only marginally profitable in the US, and no one has the confidence that things are going to change in that respect. Until they do, there is going to be very little capital investment, and little growth. You don’t fix that problem by banning imports. You would actually make it worse because a lot of companies depend on imports to do what they do. Even if you could do it gradually, so that they had time to adjust, you would still be shooting yourself in the foot because those businesses would eventually be able to secure domestic supplies of what they now import, but only at much higher prices, and that would have the effect of reducing productivity, increasing prices, and reducing the real wage. Better to let the market determine which things are best imported and which are best made at home. Get the government out of the business of telling companies how to do business, and let them compete for business for which they have the upper hand over the Chinese and Indians. There are plenty of such businesses. If you protect businesses that are less productive vis-a-vis the Chinese and Indians, then it will be those marginal business that you will have, and the other more competitive businesses will suffer.
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