Friday, June 24, 2011

USA Taxpayers Subsidize Greek Entitlements

Quoting Dick Armey & Matt Kibbe
at The Wall Street Journal:
“The U.S. provided $108 billion in global bailout money to the International Monetary Fund…

President Obama has now committed the U.S. to a second Greek bailout, which could total another $100 billion…

These bailouts [like ALL bailouts] only entrench bad behavior. Greece has been living beyond its means for years, with government spending accounting for 46.8% of GDP and its public debt exceeding 115% of GDP. One in three Greeks work for the government, enjoy far higher pay and lavish benefits compared to their private-sector counterparts, and are impossible to fire. Government workers can retire securely after only 35 years of service.”
Click the image & read the rest:
Click the image & read the rest
So, USA taxpayers:
Greek Socialists are retiring lavishly at age 53 on YOUR DIME!
Obama thinks you should subsidize MORE Greek entitlements.
Feel like a chump yet?

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