Greece: America’s crystal ball

One needs only look at Greece to see where Obama’s consuming obsession to transform America into a European socialist state will lead.

Greek officials reach austerity deal that could pave way for bailout

After days of agonizing negotiations, Greek politicians have reached a deal to make a sweeping series of cuts that they hope will secure an international bailout and help the debt-ridden nation avoid bankruptcy, Prime Minister Lucas Papademos’s office said on Thursday.

via Greek officials reach austerity deal that could pave way for bailout – The Washington Post.

Austerity as a new national policy looks good on paper – but isn’t likely to work out as a solution to Greece’s entitlement spending problems: liberal Greek government officials are only promising austerity measures to gain a bailout, which, most likely,  they will only spend on more liberal socialist policies; ergo, bailout = more deficit spending.

Politicians are pretty much the same everywhere. Here in America our (broadly unpopular) lawmakers have already made a joke of the official Budget Control Act passed last year:

FY2012 Government Spending Blows through Cap, CBO Shows

As House appropriators begin hearings on fiscal year (FY) 2013 spending,[1] a second look at last week’s Congressional Budget Office report shows they already have exceeded their official Budget Control Act limits for the current year by a stunning $156 billion.

via FY2012 Government Spending Blows through Cap, CBO Shows.

In Washington, spending shows all the symptoms of a major addiction. Perhaps a 12-Step program is in order for congress and the executive branch: Step 1 – We admitted we were powerless over spending other peoples’ money, that our lives had become unmanageable.

Pardon me while I hold my breath.

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