The reports below are the result of the economic squeeze put on citizens from Greece and Italy. Unemployment there is worse than here and the citizens are having guaranteed benefits cut, loss of unemployment benefits, and increases in already burdensome taxes. The governments are also cutting payrolls.
Does this not sound familiar? Do you really believe that the U.S. Government might not cut off Social Security payments? Do you really believe that the U.S. government won't cut off retired military pensions? Cutting off unemployment benefits for those who truly can't find work? Do you not think our government is capable of raising taxes drastically? If not, why not? The government has shown a drastic willingness to protect the interests of the bureaucracy over those of the people.
The images are dramatic and breathtaking, but you need to see this, because this is reality. Are you seeing this on America's nightly news? Why?
Violent protests as Greeks strike over austerity cuts
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Friday, December 17, 2010
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Unfortunately, the word has not made it to Washington. The recent bills prove it. Democrats wanted to pass the omnibus spending bill and have one last shopping spree before moving to minority status in the House. Republicans pushed the extension of the "Bush" tax cuts (as they should) but did nothing to cut spending to make up for the revenue loss. It is the same old same old in DC.
The Democrats need to realize that we are broke, spending needs to be cut and even entitlements have to be restructured to reflect modern demographic and economic realities. Republicans need to realize that tax cuts do not produce a dollar for dollar boost to the economy and we need to cut spending too, despite the howls, to stop this crazy borrowing. We can't have the sugar of tax cuts without some of the spinach of spending cuts.
Both of them need to realize, as David Eisenhower stated on a recent radio interview, that the thing that grows the economy the best is a climate where citizens feel we are on the right track and their investments and efforts will pay off for them in the long haul. Without this we aren't going to thrive again at any tax rate.
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