It’s not hard to see why Greece is one of the favored models the elitists on this side of the pond have chosen for America. Massive public employment. Early retirement. Generous pensions. Beautiful vacation villas. And ruins from the ancient seat of democracy.
And did we mention – plenty of graft and corruption so the elitists and power brokers who run the show can skim the cream off the top of the latte before it ever gets to the public. In Greece. And in America.
You may have noticed, however, that there is a small problem in paradise. Well, perhaps “problem” is too strong of a word. At this point it’s an issue. No, nothing has happened yet, so it’s a concern. Yes, it’s a concern.
The concern is that Greece has been borrowing a lot of the money they’ve used to fund their state-run paradise.
Well, actually the concern among the elitists isn’t that Greece has been borrowing a lot of money – they like that – because they lend it and they collect the interest. It was – or was supposed to be – a good, safe investment. What could be better than a government guarantee?
No, the problem – er, concern – is that Greece can’t pay the money back.
You see, no one told the Greeks that the money had to be paid back. (You might say that concept is all Greek to them.) So, every time the note came due, the Greek government simply “rolled over” the debt into a new loan. And after they “rolled over” their previous debt they borrowed a bit more to tidy up their statist paradise even further.
You know, lasting investments like more generous pensions. Better welfare benefits. More state workers. All the kinds of things that got them into the debt colosseum in the first place.
The problem is that the Greek standard of living and retirement didn’t come from productivity. It came from borrowed money. But the Greeks think they earned it. “And by golly – they’re not taking it away from me!” Sound familiar?
Greece is just further down Democrat Road to the Obamaland plantation. More government workers. Bigger pensions. Better welfare benefits. “Free” education loans. “Free” health care. And amid all the “free” state benefits, the end of any real freedom.
But wait! We’ll tax the rich to pay for it. Then we’ll borrow the rest of the money. The “stimulus” goes to the elitists through their pals.
Amazing, isn’t it? The bulk of the Western world today depends on a Ponzi scheme to fund its government workers, retirements, health care and welfare benefits. But the elitists made a mistake: The babies who were going to pay for it all are in the abortionists’ dumpsters. They’ll never need a payroll tax holiday.
Once you understand it is all based on a Ponzi scheme, you understand why the elitists are so desperate to give citizenship or at least working and voting rights to illegals. In America it’s the Mexicans; in Greece it’s the Muslims. Both, incidentally, have lots of babies. “The hand that rocks the cradle is the hand that rules the world” (William Ross Wallace).
Somebody has to pay for it all. Heaven knows, it won’t be the 50 million Americans killed before they were born in this country. And heaven knows, it won’t be the elitists, who really should be the poster children for an entitlement mentality. Guess it will have to be the 50 million illegals they want to import.
Don’t worry. Be happy. The elitists have it all figured out.
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