U.S. Taxpayers contributing to European Bailouts

The economic crises and riots in Greece, Portugal and Ireland and the impending crisis in Italy are major economic concerns in the U.S. It appears that American taxpayers are at least indirectly contributing to the bailouts of European governments who are reaping the consequences of huge deficits brought on by reckless spending and vote-buying. It doesn't make any difference who is in the White House, or who controls Congress, the more people find out about their own government the angrier they should get (e.g. Operation Fast and Furious).

More economic common sense

Have you ever found an article that says what you want to say, but says it a lot better than you can. This article on Greece, Ireland, and the European economic crisis says it all and has a message for America. Government financed job-creation programs only create temporary jobs, increase the deficit and exacerbate economic uncertainty. The unemployment rate in the U.S. is not going to go down markedly until the private sector feels confident enough to invest in America. That's one thing that the left and "occupiers" don't seem to get.

Occupy Wall Street: Economics and the First Amendment

The Occupy Wall Street folks are tremendously naive. They believe Wall Street is responsible for the collapse. Partly, but the U.S. government is more culpable. It started with federal legislation encouraging banks to make home loans to very high risk borrowers. It was exacerbated by a lack of investor confidence in the government and economy because of a federal debt that was out of control and an ObamaCare plan which would cost billions and jobs. Yes, there was criminality and corruption on Wall Street and it needs to be dealt with. However, bailing out obviously mismanaged firms sent the wrong message. They think some kind of socialism is the cure. (See Economist Walter Williams recent column) They haven't been doing much reading about the crisis in Greece and the EEU. They don't get it that there is no such thing as a free lunch or pie in the sky. However, I respect their First Amendment right to protest peacefully.

More on the "entitlement mentality"

Let's not forget about small town newspapers as sources of insight.

Obama's America in 20 years? Austerity riots in Greece

Although there are a multitude of differences between Greece and the U.S.,don't ever say something can't happen here--witness 9-11. Overspending, over-give aways, relentless vote-buying with new programs and an entitlement mentality meets fiscal reality in Greece.