By Mr. Curmudgeon
A new movement is about to sweep the globe, and Greece – the cradle of democracy – seems to be leading the way. The debt-ridden Hellenic Republic is no longer able to sustain the socialist government’s behemoth budget deficit, and is unable to refinance the country’s upcoming $28 billion dollar payments to nervous investors come this April and May. The threat of default precipitated a fall in world markets as anxious investors eye the growing debt accumulation of nations around the world. Having exhausted other avenues to deal with its debt, ugly reality forced Greece to do what for many spendthrift governments is a last resort – they’re instituting austerity measures. But Greek civil servants are furious at the government’s attempts cut back the public sector. This is understandable in light of the fact that one out of three Greeks works for the state.
Klafthmonos Square, in the capitol city Athens, provided the venue for one angry bureaucrat who screamed through his bullhorn, “We won’t pay for their crisis! Not one euro to be sacrificed to the bankers!” In other words, he was more than willing to take money from bankers; he’s just not willing to pay it back. He exemplifies the child-like view of nanny state paper-pushers who believe governments are exempt from the treacherous crosscurrents of reality.
President Clinton once told a joint session of Congress “the era of big government is over.” Of course, he only said so after the Democratic Party lost control of both houses of Congress due to Hillary’s attempt to nationalize health care. The greatest financial crisis since the Great Depression is insuring that the age of big government is indeed over.
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