The sovereign debt of the Socialist Republic of Greece is 12% of its GDP. By comparison the sovereign debt of the United States of America is 10% of its GDP. If left uncorrected, America will be Greece within the next five years.
Recent Comments
- Book Review – The Orthodox Dilemma: Personal Reflections On… [6]
- Andrew
Unity is needed in one sense: heretical churches repent of their deviations…Feb 07, 5:02 PM
- Andrew
- Texas Orthodox Clergy Speak Out on Gay Marriage and… [8]
- Fr. Johannes Jacobse
Xionis, Orthodox anthropology has no category of “gay.” Personhood is not defined…Feb 05, 5:09 PM - Xionis Spyropolous
As a gay Orthodox Christian, I now feel obligated to turn Methodist…Feb 03, 7:16 PM
- Fr. Johannes Jacobse
- Chastity, Purity, Integrity: Orthodox Anthropology and Secular Culture in… [7]
- Fr. Johannes Jacobse
Just to clarify Sbdn. David, I am not hosting it although I…Feb 05, 5:04 PM
- Fr. Johannes Jacobse
- An Orthodox Appraisal of Political Correctness, Sexual Anarchy, Cultural… [11]
- Michael Bauman
Mr. Porter, what you describe is the struggle for each of us…Jan 13, 7:12 PM - Bill Porter
Mr. Bauman, I appreciate your comments and I agree. This paper started…Jan 13, 4:58 PM - Michael Bauman
Elder Sophrony’s famous dictum to stare into the abyss as long as…Jan 13, 1:46 PM - Michael Bauman
The quotes make a big difference.Jan 11, 6:41 PM
- Michael Bauman
- The Boy Scouts’ Bankruptcy Is Not Just Financial. It’s… [4]
- Anna Stickles
Both males and females need role models and teaching about self-restraint, the…Jan 09, 2:39 PM - Fr. Ioannes Apiarius
The Boy Scouts organization is a good example of what happens when…Jan 06, 6:03 PM - M. Stankovich
Like Prof. Siewers, I too recall the days of proudly wearing the…Jan 05, 5:56 PM - Patrick J. Teague, Sr.
As a Cub Scout in the 50’s, a Boy Scout in the…Jan 05, 11:17 AM
- Anna Stickles
- American Psychological Association Course Correction: Sexual Orientation and ‘Gender… [16]
- Ruth
Let’s hope not. The man was a pedophile. Paid other pedophiles to…Jan 04, 7:24 AM
- Ruth
- Pastoring Young Men into Manhood: Talk Given at the… [2]
- M. Stankovich
I must say that it had become my impression that this site…Dec 29, 7:29 PM - Francis Frost
Dear Fr. Johannes: Christ is born ! Glorify Him ! Glory to…Dec 25, 2:19 PM
- M. Stankovich
-
Older »
Yeah, but we did a lot of that in less than two years. Just imagine what we could do over the next three years . . . or even the next six months!
One news show explained that Greece has different ‘social security’ type retirement ages depending on whether your career was in a ‘hazardous profession’. If your career was in such a hazardous profession you could retire and start collecting benefits at age 50. But, political barganing being what it is, ‘hazardous professions’ now include ‘hairdresser’.
In the same way nobody walks past a full picnic table, politicians will emerge who will say whatever a large enough group of people who vote want to hear. If people want ‘more’, politicians will emerge and get elected by promising ‘more’– nevermind whether there really is or isn’t ‘more’ to be had. They’ll borrow from the unborn to give ‘more’ today. They’ll borrow from other countries, anyone. Sooner or later there won’t be more to be had. And when there is ‘no more’ will enough people vote for the same politicians if they can offer only who to blame?
Harry,
“A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy.” – Alexander Tytler (but often attributed to de Tocqueville)
Here’s a brief summary of the devastating consequences of Obama’s reckless spending and the horrible legacy he is creating for current and future generations:
View graph of massive deficits:
http://www.orthodoxnet.com/archives/2010/Deficits_US_2000-2020_01.jpg
Chris, I saw where Paul Ryan was proposing that the federal budget be scaled back to what Bush ran in 2007 and keep it at that level for five years. If we could do this, then the budget would be balanced by 2013. Keep in mind that Bush was no skinflint and his budgets were widely –and accurately–derided for being profligate. Yet even so, Bush was a model of restraint compared to this president.
Agreed. It’s amazing how simple the solution is, as long as the administration and Congress start acting NOW. Hopefully November 2010 will bring many more mature, responsible, and conservative candidates that will govern with every American’s interest in mind and for the benefit of the entire country, not just unions, trial lawyers, leftist organizations, and incompetent and unethical executives and bankers who demand bailouts and preferential treatment based on their relationship with Obama and career politicians.
Once again, socialist/communist policies lead to ruin and misery for an entire nation! How much longer will Greece continue to embrace the Marxist ideas and policies that history has proven are a complete failure and a disaster for everyone, especially the poor?
The unions were proposing bonuses equivalent to 2 months pay, in the middle of a serious recession and a country-wide financial crisis that can lead to total societal collapse? Talk about hypocrisy, selfishness, and greed!
The socialists and communists in Greece care only about themselves and their own finances. Typical of how communists and socialists throughout history have acted. They claim they “care” about the poor, when in fact they care only about themselves!