Wednesday, May 12, 2010

Man caused disasters

Like most politicians, the ones in Greece have been spending like drunken sailors for decades. And besides stealing or spending every penny of current taxes they collect, the Greek politicians have been buying votes with promises of future pensions and benefits that everybody knew were way beyond reasonable and affordable.

So a couple of weeks ago the world woke up and suddenly nobody with any sense wanted to loan the Greek government more money by buying its bonds. But that doesn't mean the drunken party is quite over in Greece. For this week American and German and French and British politicians decided to fund one last burst of Ouzo soaked revelry for the Greeks.

I can almost understand why the Kraut and Frog and Limey politicians have decided to send almost a trillion dollars to the Greek politicians. For one thing they were stupid enough to give the Greek politicians a sort of license to print Euros or at least issue bonds denominated in Euros. And, for those of you who don't know, Euros are the new fangled paper money that all the Europeans use, so if the Greek bonds go bust all the Euro denominated bonds may go bust. For another thing, the Greeks are now part of the European Union, so if the Greek government stops paying welfare to all the lazy and deadbeat Greeks those Greeks can just move to France or Germany or England and sign up for welfare there.

This has, of course, raised some difficult questions for politicians all over Europe. The Germans, for instance, are asking their politicians why they have to work and pay taxes until they are in their late 60's before they can retire while their politicians are sending money to Greece, where even the people who actually do work are allowed to retire and start collecting pensions at 55 years old.

But enough about the Krauts and Frogs and Limeys. The truth is that I really don't give a darn about how they spend their money. If they want to send money to Greece that's their business.

What I want to know is why our politicians have also decided to send money to bail out the Greeks when their problems are completely the result of their own foolishness. Don't get me wrong here. I have nothing against Greeks. I've liked all the Greeks that I've ever met and I was going to Greek restaurants in Chicago well before John Belushi made Greeks cool.

The Greeks have a beautiful country over there and, unlike the Krauts and the Limeys, they know how to cook. But it makes no sense for politicians to send my tax dollars to Greeks who get to live the easy life in world renowned vacation spots like Santorini and Rhodes and Mykonos and Corfu while I have to slave like a dog in cold and rainy Pennsylvania.

Novertheless President Barack Obama, and Senators Nancy Pelosi and Chris Dodd, and Representative Barney Frank and their pals have decided to send $50 Billion of my money and your money to Greece so the scam over there can continue for a little while longer. For, make no mistake, the Greek welfare state model of paying people for not working is not sustainable. Socialism appears to work fine until you run out of other people's money. And it's not just Greece that's running on debt. Italy and Spain are not far behind. We'll be hearing from them for bailouts within a couple of years. And France, Germany, the U.K. and we ourselves are not a whole lot of years behind them. Ponzi schemes eventually end.

But lets talk about Greece for the monent. I just checked and learned that there are about 11 million Greeks who are still in Greece. So, by my calculations, our corrupt politicians just sent almost $500 per Greek to their corrupt politicians so they can do what's necessary to quiet down the folks in the streets of Athens and such. With cheap Ouzo selling for about $10 bucks a quart that means you, the American taxpayer, are buying each Greek 50 quarts of booze which should keep the streets of Athens pretty well anesthetized for at least a couple of months. With the addition of the German and French and British money the Greeks will probably remain quiet for a few years.

The deluge has been put off for now.

No comments: