{"id":18503,"date":"2010-05-03T08:37:12","date_gmt":"2010-05-03T14:37:12","guid":{"rendered":"http:\/\/proteinwisdom.com\/?p=18503"},"modified":"2010-05-03T08:37:12","modified_gmt":"2010-05-03T14:37:12","slug":"grecian-formula-3","status":"publish","type":"post","link":"https:\/\/proteinwisdom.com\/?p=18503","title":{"rendered":"Grecian formula, 3"},"content":{"rendered":"

After promising austerity measures, Greece got its bailout<\/a>. Evidently, though, some who’ve been nurtured at the teat of the European nannystate continue to believe that if you can’t have it all, none of it is worth having. Ed Morrissey<\/a>:<\/p>\n

Communists in Greece staged massive May Day rallies this weekend, opposing the deal and the austerity measures. Molotov cocktails got tossed at police at some of the demonstrations. The Greeks are not happy about the coming cutbacks in government services and the higher taxes to which Papandreou committed in order to get the emergency loan.<\/p>\n

The rest of the EU is equally unhappy about providing them the money. None of the EU nations are exactly awash in cash, and all of them have the same problems as Greece: high debt and massive government spending. Spain and Portugal are also on the cusp of failure, and investors have turned up their noses at bonds from both countries, forcing them to pay ruinous interest rates on debt. The IMF and the EU cannot possibly bail all<\/em> of them out, especially when even Britain is now getting warned over its high deficits.<\/p><\/blockquote>\n

As Morrissey notes, the EU\/IMF bailout for Greece represents about a tenth the size of our annual budget deficit here in the US, and about a sixth the size of Obamaco’s “Stimulus” money.<\/p>\n

As California teeters on the brink of failure — and states like Texas show signs of balking at the idea that their wealth should go to bailout states that have continually overspent, overtaxed, and overpromised — we would do well to look to Greece, and its relationship with the EU, as a cautionary tale.<\/p>\n

Is the US too big to fail?<\/p>\n

No, it isn’t. And yet it seems that a good portion of political power in this country is being spent creating the conditions under which failure is inevitable — and our “progressive”-led Congress (and its cheerleaders in the press<\/a>), undeterred by the increasing ill-will of the electorate, seems determined to destroy the bourgeois in order to “save” them from themselves.<\/p>\n

****
\nrelated<\/a>?<\/p>\n","protected":false},"excerpt":{"rendered":"

After promising austerity measures, Greece got its bailout. Evidently, though, some who’ve been nurtured at the teat of the European nannystate continue to believe that if you can’t have it all, none of it is worth having. Ed Morrissey: Communists in Greece staged massive May Day rallies this weekend, opposing the deal and the austerity measures. Molotov cocktails got tossed at police at some of the demonstrations. The Greeks are<\/p>\n

Read More<\/a><\/div>\n","protected":false},"author":9196393,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18503","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/proteinwisdom.com\/index.php?rest_route=\/wp\/v2\/posts\/18503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/proteinwisdom.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/proteinwisdom.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/proteinwisdom.com\/index.php?rest_route=\/wp\/v2\/users\/9196393"}],"replies":[{"embeddable":true,"href":"https:\/\/proteinwisdom.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18503"}],"version-history":[{"count":0,"href":"https:\/\/proteinwisdom.com\/index.php?rest_route=\/wp\/v2\/posts\/18503\/revisions"}],"wp:attachment":[{"href":"https:\/\/proteinwisdom.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/proteinwisdom.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/proteinwisdom.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}