Is this what's in store for America if we can't stop Obama's reckless policies on spending?

This is where we are headed if we don't stop Obama's reckless, naive policies.


It's hard to imagine electing someone who is LESS prepared to run the country. This man is a tragic comedy or errors


OR is this being done on purpose? What do you think?


excerpt...


"The time to pay the bill has come, the time of responsibility for all of us tackling this crisis must become the big opportunity to modernize our public life, even if we have to bleed," said financial daily Kerdos.





Prime Minister George Papandreou's government unveiled the plan to overhaul Greece's debt-ridden economy on Sunday after talks with officials from the International Monetary Fund (IMF) and European Union (EU).





It foresees a massive fiscal adjustment driven primarily by cuts in the country's bloated public sector, which makes up roughly a third of the workforce.





A public sector pay freeze was extended until 2014 and treasured holiday bonuses will be scrapped for many employees. Pensions will also be cut.





Center-right newspaper Eleftheros Typos said the government was telling Greeks that they must die in order to live, describing the economic medicine it was doling out as "more harmful than the disease."





Ta Nea, a centrist daily, said the way of life Greeks had become accustomed to had come to an end on Sunday, while center-left Eleftherotypia deemed the measures unfair because they would hit average wage earners and pensioners hardest.





Center-left Ethnos said the austerity would mean "asphyxiation" for the Greek people and a "violent modernization" for the economy, which according to new government projections will contract by 4.0 percent this year and 2.6 percent in 2011


http://www.reuters.com/article/idUSTRE64鈥?/a>|||The Utopian dream of equality, in poverty, for everyone (except multi-millionaire elitist dems like Al Gore).|||I know if the GDP keeps growing like this, we may all have money again. Oh the nightmares!|||Obama is doing what OBAMA said is guaranteed to cause the same problem but there's an important difference.


The Greek government is recognizing its own spending is the problem; Obama has already claimed more-of-the-same is the solution.


Yep. OBAMA said the problem is too much spending and that to fix it we need to spend more.|||It's not just Obama.





The politicians of both parties have been looting the economy for decades, to benefit their cronies, their special interests and themselves.





Overspending has accomplished nothing but to make these cronies richer, at the taxpayers' expense while running up the deficit.





The tax revenues aren't adequate to keep the loot flowing to the cronies, so they have to borrow huge amounts.





Obama promised during his campaign to eliminate pork and earmarks, and has done nothing to stop this profligate waste of the wealth of America.





the situation in Greece is like a picnic in the park, compared with the spectacular collapse that we will see here in the USA when it finally hits the fan.





But the insane orgy of spending by Obama and Congress continues unabated.





It won't change until we finally run out of money, or until the voters/taxpayers finally wake up and quit electing and reelecting the same gangs of liars and thieves who are ruining our nation.|||Sure, but Obama's policies on spending aren't reckless; they're necessary. Obama inherited a country already on the fast track to bankruptcy. His first priority was to get our economy growing and Americans working again. After that is achieved, he can worry about spending again. Trying to cut government spending during the middle of a recession would exacerbate the recession since the government will need to eliminate or re-work many of its private contracts. Government spending can keep businesses operating until private streams of revenue are available again.|||What's Greece have to do with us? We are not part of any union of countries.





Grasping at straws are you?





How else will we give the economy a jump start?





Maybe just give all those who make less than $25k/yr a $5 raise? I'm all for that.





The EU is like the states, some produce more than others.





Didn't they realize this before it was formed?|||Just give him a chance !|||nope