In response to:

Nigel Farage: "EC president Jose Barroso is a Delusional Idiot, The Whole Thing's a Giant Ponzi Scheme!"

TruLib Wrote: Jun 21, 2012 7:06 AM
It isn't government per se but a government produced by voters who think a free lunch is possible. The Greeks obviously believe this and will throw a tantrum rather than accept reality. The willingness to believe the lie has always been the problem. What are the odds America will wake up and accept reality instead of listening to snake oil salesmen?
David4 Wrote: Jun 21, 2012 12:22 PM
I would revise that: "The idea that people can retire at 50 is pushed to employ the young, but ..."

Keynesians have advocated just that. It is a deceit they use to ration the available work and available income. The failure in this instance is that the government promised too big a check to the oldsters and to others, exceeding the available income.
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As for the Greeks' alternatives, if they really have destroyed everything then they must emigrate or die. Since they haven't destroyed absolutely everything, they will suffer poverty, though not at a Haitian scale.
shubi_ Wrote: Jun 21, 2012 7:21 AM
What are the Greeks' alternatives? They have destroyed their private sector, so there are no jobs available. The idea that people can retire at 50 is pushed to employ the young, but when the young are totally unqualified to do anything, you have a problem.

Those needing a laugh today need only listen to another rant from UKIP leader Nigel Farage who says "Listen! The Whole Thing's a Giant Ponzi Scheme!"

Select Quotes

  • "EC president Jose Barroso is a delusional idiot and was a supporter of Chairman Mao"
  • "America, you are not to blame"
  • "The only buyers of Spanish bonds are Spanish banks" 
  • "Listen. The Whole Thing's a Giant Ponzi Scheme!" 
  • "At the end of the day, this whole thing is going bust" 
  • "We have been led by a group of ex-communists to a total disaster" 
  • "What we're doing in Brussels with...