The proof is in the pudding---massive government spending and entitlements has caused Greece to collapse. In the below videos we see citizens rioting in the streets--because the government is cutting back on their entitlements--pension pay--and about everything else. Greece--being a nanny state--with entitlements for everyone--that they can no longer afford to pay. Currently--they are trying to borrow 108 BILLION--from other countries in Europe just to make payments. Debt to GDP ratio in Greece is 110%.
Sound familiar? Currently our own CBO states that our debt is unsustainable--we have recently added an entitlement for health care--social security for the 1st time ever will be in red ink this year--and we already know that medicare/medicade is in red ink.
So will Americans grab themselves by the bootstraps and say NO MORE--or do we end up like Greece? Is this generation going to be remembered as the ZERO generation--breaking our kids and grandkids piggy banks to pay for all of our entitlements--or are we going to stand up and take in the chin--to save our future generations from massive unsustainable debt--and insuring that they do not have the same opportunities for success as we have had.
That's the multi-Trillion dollar question.
All the vides of rioting below:
Greece Riots as Seen on Twitter, YouTube
Sound familiar? Currently our own CBO states that our debt is unsustainable--we have recently added an entitlement for health care--social security for the 1st time ever will be in red ink this year--and we already know that medicare/medicade is in red ink.
So will Americans grab themselves by the bootstraps and say NO MORE--or do we end up like Greece? Is this generation going to be remembered as the ZERO generation--breaking our kids and grandkids piggy banks to pay for all of our entitlements--or are we going to stand up and take in the chin--to save our future generations from massive unsustainable debt--and insuring that they do not have the same opportunities for success as we have had.
That's the multi-Trillion dollar question.
All the vides of rioting below:
Greece Riots as Seen on Twitter, YouTube