by Sparta on April 22, 2013

in European Union, Germany, Greece, history, sovereign debt, Stella (Stavroula) Jatras, unemployment

I wanted to make sure that you saw this real Greek Tragedy!

For those who have not read, please read: “More Children in Greece are going hungry.” [NYT]

I want everyone on my list to READ THIS CAREFULLY, AND WEEP!!!

CRISIS ATHENS: The price of everything, and the value of nothing.

Today, in April 2013, everything in Greece is for sale. Two days ago a small girl – aged no more than ten I would estimate – came up to me, playing her violin in a main market thoroughfare close to the Acropolis. She wasn’t much of a violinist, but after finishing the piece, she said something to me…and of course, I didn’t understand. A man watching nearby, resigned of expression, said “She is saying she costs very little for your pleasure”.

I gave the kid a small coin and asked the bloke if this was commonplace. “Not common,” he replied, “but not rare either. These bastards will reduce us to an animal state”. I wanted to ask him more, but he waved me away. I don’t blame him; imagine how I’d feel in my own country, being asked by a passing Swede if all English prepubescent kids now whored on the streets.
The mass of Greek people had little or nothing to do with the debts run up by a political élite at first naively keen to take advantage of cheap ECB loans…and then desperately cunning in the use of Goldman Sachs to help disguise their maxed-out credit cards. Yet the population must stand by and watch Greece become some kind of 19th century African country. In March, the Emir of Qatar bought six Greek islands for £7 million, while a Russian oligarch bought Skorpios – previously owned by the Onassis family – earlier this month for a reported £65 million. It was – wait for it – a present for his 24-year-old daughter Ekaterina Rybolovlev. Meanwhile, a 10 year old girl is for sale in Athens for – what? – five euros?

There are many who, on reading this post, will fall back on weasel excuses about idleness and the need to repay and the appalling consequences of tax evasion. But such observations consistently fail to recognise that 90% of that evasion comes from the 3% Greek élite, 99% of whom in turn are the very people now yelling from the rooftops about the iniquity of voting for Syriza. (And I am bound to record that, very probably, 90% of them in turn live in the smarter suburbs of Athens).
More here.

WP: Is Obama responsible for a $5 trillion increase in the debt?

The Facts

The Treasury Department’s “Debt to the Penny” Web site makes it easy to track the growth of the national debt during Obama’s presidency. There are two key figures — for publicly held debt and for gross debt, which includes bonds that the government owes to itself (such as Social Security trust fund bonds.)

As of Jan. 20, 2009, the publicly held debt was $6.31 trillion and the gross debt was $10.63 trillion. As of May 14, 2012, the publicly held debt was $10.92 trillion and the gross debt was $15.68 trillion.

So, the publicly held debt has grown by $4.61 trillion, and the gross debt has grown by $5.05 trillion. Thus it’s certainly correct that the national debt has grown by about $5 trillion under Obama.

Eric Fehrnstrom, a senior adviser to the Romney campaign, said that the $5 trillion figure came from these Treasury Department figures.

“We’re using the same standard that Obama used during his campaign in assigning blame to President Bush for the increase in debt that happened under his watch,” he said, pointing to a speech that then-Sen. Obama made during the 2008 presidential campaign.

[Obama:] “The problem is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents,” Obama said in Fargo, N.D. “Number 43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.”



Oh, and by the way:

Germany looted Greece during World War II.
Now Greece wants its money back.
Details on that are HERE.
Petition HERE.

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