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Tag Archives: AUSTERITY

Greece Votes!

"Hellenic Parliament from high above" by Gerard McGovern

Greek polls have closed and the indication from exit polling data is that Greece will thumb its nose at the European Union. With just 20% of the vote officially tallied, the no’s are leading the yes’s 60% to 40%. A ‘No’ vote (OXI) means that Greeks refuse the spending cuts and financial restructuring measures required by the nation’s creditors in ...

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From Athens to Sacramento: Austerity Coming to America

As the Greek people have painfully experienced, you cannot “austere” yourself out of a budget crisis. It only makes the crisis worse: higher taxes destroy the tax base and spending cuts increase government’s net drain of resources out of the economy. The result is that fewer people work, more people qualify for welfare programs – and government spending ends up ...

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Europe: From the Welfare State to the Totalitarian State?

Thanks to the voters who put Obama in the White House in 2008 and Democrats in charge of Congress in 2006 elections, the hard-line left has been able to determine the course of America over the past 3.5 years. In the 2010 election a majority of voters issued a restraining order on the runaway leftists who thought they were invincible after ...

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The Swedish Disaster – America’s Future?

sweden map

If Obama gets re-elected, and if the Democrats gain any more power in Congress than they already have, it is almost certain that America will quickly turn into a full-fledged European welfare state. Obama’s America is not the America you grew up in. It is not the America you want your children to grow up in. I know, because I ...

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