Expanding on yesterday's thought, we are faced with the responsibility of contributing to Greece's financial bailout through our commitment to the I.M.F. Greece used the fiscal policies that liberals in our country endorse and over committed itself creating a missive debt problem, threatening a collapse of the country. Like an irresponsible teenager with a borrowed credit card, they were drunk with spending power. Now someone has to clean up the mess and pay the piper.
The committee of "they",(which tries to dictate how we do everything through their opinion), has decided Greece's financial default will be good for America, as it will strengthen our dollar in the world market. I can't help but wonder if "they" had considered how much more solid our dollar would be if we were not on the hook for 100 billion dollars to right this debacle? We maintain the largest investment (17%) of the monies sent with other members rounding out the balance. I wonder what power drunk official barter that agreement? Anybody want to bet me it was a democrat? Before you lose the farm, it was, and a progressive liberal at that! In fact one of the original progressive liberals, Franklin D. Roosevelt, just another of his gifts that keeps on giving.
If Greece's economy collapsed and the European Union was alone responsible for bailing it our, first of all my bet is they would have insisted on more responsibility by Greece in it's spending. Second of all it would have placed the strain of the bailout on those who thought it was wise to intertwine their economies with others, making America's dollar rise in value. How wonderful would that be right now in servicing our debt? We could have leveraged the increase to lower our debt and in turn strengthened our dollar, ergo our economy, even more. But Noooooooo, we have to deflate our economic status because, well I don't know because why. It simply makes no sense for us to be committed to this fund. If we felt charitable, and we always do, why force our commitment? Could we just pony up funds as needed? I donate to charity every year, but I never signed a contract. Suppose I lost my job?
Committing to the I.M.F. was a move designed to stroke someone's ego. America's money spends just as well without a contract to donate. And as I laid out this is a poor decision to use our funds on. It's not like we don't have financial needs of our own to take care of. Instead of Greece lying in the bed they made, we come along and provide maid service to place clean sheets over the mess. Without regard to how this pig sty was created and what steps will be used to prevent the mess from reoccurring. As soon as Greece is clear of the I.M.F.'s oversight it'll return to the entitlement state that created this disaster. And this is the model some of our politicians seek to impose upon us as a nation.
God Bless!
Capt. Bill
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When you have a house fire do you call 911 so the fire department comes and puts out the fire??
ReplyDeleteOR ! do you call your friend Bob that pours gasoline on the fire to put it out??
Results of burning down the house but the fire is out ?? and now you have no place to live.
It seem everyone that has a house burning is calling Bob.
When your sick call Bob.
When you have trouble with your finances call Bob.
When you car brakes down Bob.
When the I.R.S. comes for you wheres?? Bob.
The choices you make today will give you tomorrows results Exhibit A.
Thank you for your time.
.................................. I MAN