EuroZone Disaster – Probability That Greece Defaults is 98%

According to this report the odds that Greece defaults on its obligations to the EuroZone is now at 98% which only proves, once again, that bailouts works….works to grind the economy to a halt and ensure that any recovery is impossible.

Greece has a 98 percent chance of defaulting on its debt in the next five years as Prime Minister George Papandreou fails to reassure investors his country can survive the euro-region crisis.

America’s Coming Greek Tragedy [Reader Post]

Characteristically, the protagonist in Greek tragedies fell victim to hubris. Ajax, Oedipus and Orestes all shared such a fate. One day, bards will add Barack Obama to that list.

Greece is in the throes of economic death. An era of obscene pensions and spending profligacy has left the country at war with itself.

Obama Says, We Will Borrow Money From China To Give To Greece

Because of profligate spending and its Socialist policies, Greece is bankrupt. It is now our duty to bail them out, according to Obama, so that they can continue on without taking responsibility for their own actions. Spain, Portugal, and Ireland are all nearing the same economic precipice; are we to assume that Obama plans to put the rest of the world on American Welfare rolls? Someone better tell him, those people can’t vote, but he does believe the Constitution is flawed, maybe with a few changes here and there, we can continue with a Redistribution of American Wealth for the rest of the world, until we are a Third World Country.

The Reluctant Imperialist Leader of International Socialism Is Ravaged By The Bloody Socialist Dictator

History once called on a Socialist to stand against a dictator, but it was hard for the most famous of such antagonists to go to war: there was a certain reluctance at least, for in truth, both were dictators and Socialists. Modern day Socialists regard one of them as a saint and they refuse to acknowledge the other one.

The real reasons we’re bombing Libya [Reader Post]

The reasons for Barack Obama’s intervention in Libya has never been really clear- or honest. The most commonly offered explanation given for bombing Libya has been the prevention of a humanitarian disaster. Sunday morning, Obama’s Abbott and Costello foreign policy team said that Libya was a direct threat to US national interest and at the same time that it was not. Of course, that does not explain why we interfere in Libya but not in other regions in which human rights are being oppressed- like North Korea, Iran or China.