Cure or quarantine?

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You’ve heard of countries being boycotted and having sanctions put on them. Have you ever heard of one that had to be quarantined?

You may have now: If Greece were to have followed through on now-aborted plans to have a public referendum on government spending cuts already agreed to by the government – and the citizenry voted as expected to reject the cuts – then the country would have needed to be quarantined. It may have to be cut off financially from the euro zone anyway, just to contain the contagion that is spreading to all corners of the world.

In fact, you lost money this week because of Greece if you were in the stock market. World markets quickly plunged after the mere proposal of a public referendum by Greek Prime Minister George Papandreou.

“Basically it would be a vote over their euro membership,” said the Finnish finance minister – hinting at the quarantine.

He has to be right. Greece must be excised from the euro zone if it reneges on the bailout that European nations fought long and hard to put together which includes forgiving half of the country’s debt and an infusion of money.

It appears being allowed to sink or swim on its own may be the only thing that gets through to the Greeks that they’ve run out of other people’s money. They need to find out what life is like without it.

Of course, the United States government is hardly in any position to be self-righteous about it. We’re on the same track as Greece. And even though spending cuts here wouldn’t have to be nearly as draconian as in Greece, our Congress and its so-called “super committee” still can’t seem to get it done. Doesn’t it raise anyone’s alarm in Washington?

As for Greece, how can this end well? The government was said to be on the verge of collapse, with a no-confidence vote on Friday and colleagues in parliament abandoning Papandreou. And yet, if opponents get the early elections they appear to want, they seem likely to be more
opposed to the necessary austerity measures than is the current government.

Western civilization is experiencing seizures that are emanating from its historic core. The question is, will cool heads accurately diagnose the problem and prescribe the proper cure?

Or will we just fight the disease by a series of quarantines?

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Riverman1
93233
Points
Riverman1 11/05/11 - 06:15 am
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Socrates with his criticism

Socrates with his criticism of democracy might ask today "How is it right to take from others?"

Modern Athenians would once again make him drink the hemlock for asking such questions.

southernguy08
532
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southernguy08 11/05/11 - 07:01 am
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Liberals, are you reading
Unpublished

Liberals, are you reading this? "The problem with socialism is sooner or later, you run out of OTHER PEOPLES money." Former British Prime Minister Margaret Thatcher

Riverman1
93233
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Riverman1 11/05/11 - 07:54 am
0
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Can't you visualize a bunch

Can't you visualize a bunch of Greeks wearing black berets in the middle of the day sitting around this taverna in a village on the Aegean Sea drinking wine, eating gyros, splashing olive oil all over the place, shouting at each other and using their hands to make their point.

harley_52
25783
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harley_52 11/05/11 - 08:57 am
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It is a worthwhile

It is a worthwhile intellectual exercise for citizens to grab a cup of coffee, sit back in a comfortable chair, and actually THINK their way through some of these issues about "spending cuts," "debt limits," "bail outs," "haircuts," and in this case, "referendums," "votes of confidence," and "quarantine."

Greece is bankrupt. Well, they haven't made the legal declaration, but they are bankrupt. In fact, they are worse than bankrupt because they are being forced deeper and deeper into debt in spite of the recognition they have long been bankrupt already. They cannot recover because they will not stop their runaway spending, even if they want to. Their runaway spending is the result of first their lifestyle (big government, big entitlements, little work), and second the globalized government's willingness to "bail them out" with somebody elses money. Even if they wanted to stop they can't because regional/global organizations are throwing money at them. A fine question might be "whose?"

In a very brief moment of sanity, Greek Prime Minister George Papandreou almost mustered the courage to take the bold step of letting his own citizens vote on which path to take. The world had a hissy-fit, so he changed his mind. He decided to go deeper in debt and let the world tell him how to manage his Country which means they'll go deeper and deeper into financial chaos.

Where do all of these "bail out" funds that are pledged come from anyway? Whose money is it? Another question might be "when all these $Trillions are borrowed and bailed out, what actually stands behind the paper?" Is it gold, silver, real estate, other natural resources, or just what is it?

What happens when it breaks?

bjphysics
36
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bjphysics 11/05/11 - 08:58 am
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Best Greek feta is the world

Best Greek feta is the world comes from Bulgaria and Romania. :)

harley_52
25783
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harley_52 11/05/11 - 09:33 am
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My wife loves feta, but I'm

My wife loves feta, but I'm not a big fan.

I will say for sure that the best pizza doesn't come from Pisa, Italy.

southernguy08
532
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southernguy08 11/05/11 - 09:36 am
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Harley, is it from Roma's?
Unpublished

Harley, is it from Roma's?

bjphysics
36
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bjphysics 11/05/11 - 09:48 am
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Best pizza I had was in Milan

Best pizza I had was in Milan last Feb.

bjphysics
36
Points
bjphysics 11/05/11 - 09:54 am
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A Greek man, a Turk man, a

A Greek man, a Turk man, a Swedish girl and an older Italian woman are traveling on a train that has just entered a dark tunnel. Suddenly they hear a loud slap, and when the train emerges, the Turk has a red hand print on his cheek.

He must have groped the Swedish girl, and she slapped him, the Italian woman thinks.

He tried to grope me but fondled the old lady instead, and she slapped him, the Swedish girl decides.

The Greek guy must have groped the blonde, and she slapped me by accident, the Turk determines.

I can't wait for another tunnel, the Greek thinks, so I can smack that Turk again!

harley_52
25783
Points
harley_52 11/05/11 - 10:11 am
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Three Greeks, Costa, George

Three Greeks, Costa, George and Niko as well as three Turks, Melik, Alican and Bora are travelling by train to a conference. At the station, the Turks each buy one ticket and watch as the Greeks buy only a single ticket. "How are three people going to travel on only one ticket?" asks Melik. "Watch and you'll see," answers Costa. They all board the train. The Turks take their respective seats but all three Greeks cram into a restroom and close the door behind them.

Shortly after the train has departed, the conductor comes around collecting tickets. He knocks on the restroom door and says, "Ticket, please." The door opens just a crack and a single arm emerges with a ticket in hand. The conductor takes it and moves on.

The Turks saw this and agreed it was quite a clever idea. So after the conference, the Turks decide to copy the Greeks on the return trip and save some money (being clever with money, and all that). When they get to the station, they buy a single ticket for the return trip. To their astonishment, the Greeks don't buy a ticket at all. "How are you going to travel without a ticket?" says Alican. "Watch and you'll see," answers Niko.

When they board the train the 3 Turks cram into a restroom and the 3 Greeks cram into another one nearby. The train departs. Shortly afterward, one of the Greeks leaves his restroom and walks over to the restroom where the Turks are hiding. He knocks on the door and says, "Ticket, please."

bjphysics
36
Points
bjphysics 11/05/11 - 10:25 am
0
0
"Ticket, please." Cracking

"Ticket, please." Cracking up.

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