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.
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, 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.
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.