America Five Years from Now?

[JustRalph]

http://www.timesonline.co.uk/tol/news/world/europe/article7113941.ece

May 2, 2010
Greece erupts as men from IMF prepare to wield axe
Anger is intensifying over cuts to be made as part of the EU deal to save the economy

http://assets.nydailynews.com/img/2010/05/02/alg_mayday_greece.jpg


MAY DAY protests in Greece turned violent yesterday as youths in gas masks and hoods set fire to vehicles, smashed shop fronts and threw molotov cocktails and rocks at police in an explosion of fury over austerity measures they claim will hurt only the poor.

Tourists were cut off from their hotels as thousands of communists, civil servants and private-sector workers converged on a main square in Athens to vent their rage at the European Union and the International Monetary Fund (IMF).

“No to the IMF’s junta,” they chanted as a youth in a black hood produced a hammer to try to smash windows of the luxury Grande Bretagne hotel.

Another painted anti-capitalist slogans on the facade, and demonstrators intervened to prevent him from spraying an Australian woman with paint as she tried to get back into the hotel. Japanese tourists stood taking photographs of the mayhem with mobile phones before being forced to retreat, coughing and sneezing, under a cloud of tear gas.

more at the link

[BlueShoe]

Five years from now the Republican president will be halfway through his (her?) first term in office. The president will have made some progress in repairing and reversing the damage done by the previous administration, but much work will still remain to be done.

[ElKabong]

the local economists here keep saying 'we've gone so bad, at some point in time the RESET button has to pushed & the sooner the better'. It'd be painful but necessary to right the economy, longterm.

0kaka doesn't have the balls to do it. Mccain wouldn't have either. Ron Paul may be the one and only one that does but I don't know enough about him right now if I'd vote for him or not. I hear he's fiscally conservative (he talks the talk, but i've only heard sound bytes) but what w/ he be like when the rubber meets the road?

We need a leader in the WH, not a slimebag community leader that can't keep simple promises. This guy is over his head by a mile +.

[PaceAdvantage]

More examples of leftists running around terrorizing people, wreaking havoc and general disarray (south park fans get the reference).

Why is it that the peaceful demonstrators such as the Tea Party folk are labeled as extremists, terrorists and whatnot, yet they never cause any trouble and are never arrested for anything.

But the destructive criminal leftists such as those rioting in Greece in the name of communism and those defacing the Arizona state capitol windows with Nazi Swastikas are never painted with such distasteful brushes. They're merely expressing their outrage at the oppressive system in place, right boys? :lol:

[acorn54]

as far as economics goes, the tax foundation says in five years, seventy percent of people in this country will be getting some form of help from the government.
apparantly, finding a job that pays all the bills is like trying to find a needle in a haystack.

[lsbets]

as far as economics goes, the tax foundation says in five years, seventy percent of people in this country will be getting some form of help from the government.
apparantly, finding a job that pays all the bills is like trying to find a needle in a haystack.

That is the plan. If 70% rely on the government, only big government candidates will win, and that state will continue to grow in size and power.

[ddog]

Sorry, at some point, the state will not be able to roll debt and then the gvt will shrink.

That is less than 5 years away. Any interest rate jump will be death to most developed economies, they will not be able to cash flow interest payments.

Oh and on top of that, given any little bit of 2nd-3rd world growth,within 3 years you will think back on the price of commodities now as the good old days.

The jig is set the game is afoot.

Think of what you have done. What a waste.

All for a few decades of decadence. :ThmbDown:

[acorn54]

well the thing of it is that government won't shrink in five years
true the debt is a problem but as long as government has the power of taxation it will continue on. what we will have in the forseeable future is some way of raising taxes either in a consumption tax or income tax or a combination of both.

[JustRalph]

It is really getting out of hand over there. They are burning down banks and killing the bank employees.

http://news.yahoo.com/s/ap/20100505/ap_on_bi_ge/eu_greece_financial_crisis

[Tom]

Obama toyed with this idea when he had the unions bus protesters to the AIG exec's homes. You can see where he is coming from by watching Greece.

[fast4522]

Forget Greece, this is the acid test that we as a people must measure our President and members of the The United States Congress by, they take the oath to uphold and defend it. We send our very best young men and women into harms way every single day, we owe these young warriors that come from our heartland the respect to due right by them every single time. This exactly means holding everyone accountable to the oath they took when they put the hand on the bible and take the oath. Forget about the degenerates from other country's who want you to think as they do, we owe these people nothing, not even the steam off our shit.

[prospector]

well said fast4522! :ThmbUp::ThmbUp::ThmbUp:

[boxcar]

It is really getting out of hand over there. They are burning down banks and killing the bank employees.

http://news.yahoo.com/s/ap/20100505/ap_on_bi_ge/eu_greece_financial_crisis

And let's not forget that meanwhile OVER HERE, who is BO constantly, incessantly bashing for being so eeevil, so geeeeedy? The banks, right? He's setting up the possibility for the same scenario to be played out on our shores! Remember: The Dem(on)s are the party of Division, Discord and Destruction. They're constantly sowing these 3-D seeds into the people's minds. BO never misses an opportunity to bash capitalism. Never. And there's enough mindless morons living in this country who buy into his lies.

Wonder what the gun laws are like over in Greece? Betcha they're huge fans of super tight gun control -- maybe even zero tolerance?. Wonder if the law-abiding citizens right about now are rethinking that policy?

Boxcar

[ArlJim78]

Greece is only a preview of coming attractions for many countries, including our own. and they think the tea party is violent?

[JustRalph]

These Bastards need to stop reading my posts for ideas

http://www.foxnews.com/politics/2010/05/07/greece-debt-crisis-coming-neighborhood-near/

Greece Debt Crisis Coming to a Neighborhood Near You?
FOXNews.com
Some lawmakers and analysts are sounding the alarms over America's fiscal policies and deficits, warning that Greece's financial crisis could be coming to neighborhood near you.

Until its day of reckoning arrived this week, Greece lived for years beyond its means, borrowing money and spilling red ink to finance excessive government spending, offer socialized health care and provide lavish wages for federal workers.

Sound familiar?

Some lawmakers and analysts are sounding the alarms over America's fiscal policies and deficits, warning that Greece's financial crisis could be coming to a neighborhood near you.

"I'm very concerned we're headed down the same path as Greece," Rep. Cathy McMorris Rodgers, R-Wash., told Fox News. "Greece found itself in a situation where its public debt was 113 percent of its GDP. They had taken on all this debt, expanded programs and America is headed down the same path.

"If governments don't start tightening their belts, implementing balanced budgets and prioritizing and start saying we can't afford these bailouts for everyone, I don't see where it's going to stop," she said.

more at the link

[boxcar]

And let's not forget...that the U.S., the country BO loves to bash the most when he's overseas, will be helping to bail out Greece! (Why we would do that, God only knows. Is Greece too big to fail? :rolleyes: ). Anyhoo...I heard on some radio program today that sometime ago, BO promised to send the IMF over a 100 Bil, I believe it was. So, Greece will get their bailout from the IMF.

As the world turns...

Boxcar

[NJ Stinks]

And let's not forget...that the U.S., the country BO loves to bash the most when he's overseas, will be helping to bail out Greece! (Why we would do that, God only knows. Is Greece too big to fail? :rolleyes: ). Anyhoo...I heard on some radio program today that sometime ago, BO promised to send the IMF over a 100 Bil, I believe it was. So, Greece will get their bailout from the IMF.

As the world turns...

Boxcar

Do yourself a favor and turn off the radio.

[newtothegame]

Do yourself a favor and turn off the radio.

NJ....turning off the radio wont help...maybe we should turn off this administration.....:bang:

May 6, 2010 | 7:53 PM ET
White House Supports Greek Bailout (http://whitehouse.blogs.foxnews.com/2010/05/06/white-house-quietly-supports-greek-bailout/)

Leaders of the House Republican Conference, weary of government bailouts, called on the Obama administration not to provide the US share of a $39 billion International Monetary Fund loan aimed at helping Greece avoid bankruptcy. Washington State Congresswoman Cathy McMorris Rogers says "in the last two years, you see where we bailed out Wall street and GM and Chrysler and Fannie Mae and Freddie Mac and now we're being asked to help bailout Greece." She and Republican Conference Chairman Mike Pence, of Indiana, sent Treasury Secretary Tim Geithner a letter warning "a Greek bailout today will encourage larger countries, such as Spain and Italy...to get in line for American tax dollars tomorrow."

At issue is the US share of a $39 billion loan from the International Monetary Fund, about $7 or $8 billion, which will be voted on Sunday in Washington. The IMF loan is in addition to $106 in European loans, which makes the US share of the total deal about 5% or 6%. President Obama has privately told the Greek Prime Minister that he supports the deal, but it's a measure of the unpopularity of bailouts that in his daily briefing White House spokesman Robert Gibbs would only say "it's an important thing for Europe to work through." Later, the White House released a printed statement saying of the IMF loan "We strongly support this effort to help restore stability to Greece and confidence to the global financial system."

http://whitehouse.blogs.foxnews.com/2010/05/06/white-house-quietly-supports-greek-bailout/

[Robert Goren]

$7 to $8 billion is long way from $100 billion number that Boxcar got from his radio. He maybe should find a station that checks its facts before they broadcast that stuff. JMO

[Tom]

Greece is what socialism leads to.