Monday, May 03, 2010

Greek bailout 40% of GDP

See here.  This bailout is of course predicated on a 25% cut in government spending.  When it comes our turn the people who bail us out will need to put up about $7 Trillion.  Along with those 25% spending cuts.  Suffice it to say, the money won't come and either the 25% cuts will morph into 50% or we'll get 25% inflation (which is just a crooked government's way of doing the same thing).

Coming to a town near you by 2020.

My liberal friend says not to worry, we'll muddle through.  Of course if I smashed his face in with a baseball bat he'd probably 'muddle through'.   That fact wouldn't make my act any less of a betrayal, any less of a crime.

No comments:

Post a Comment