May 13, 2010

We Are Next:

Greece is just the beginning.
This is spreading throughout Europe.
By the end of this year it will may be here in America.
These idiotic entitlement programs and out of control spending by governments everywhere with socialistic ideas driven by stupid greedy unions.

Lets look at the facts here in America as of today -
1 in 8 Adult Americans are unemployed or underemployed.
1 in 5 Americans are receiving some form of welfare.
50 percent of Adult Americans pay taxes and 50 percent do not.
America contributes approximately 20 percent of the money in the IMF (International Monetary Fund).

Europe and the impact on the U.S. Taxpayer -
Greece entitlement programs are what caused the country to go into default. The debt ratio is 120 to 1. That means that for every 120 dollars spent the government only takes in 100. In Greece the retirement age is 53 with 80 percent pay and 100 percent medical. We as Americans just paid Greece 50 Billion Dollars (20 percent of the IMF's share). Together with the EU and the IMF it took One Trillion Dollars to stop Greece from defaulting. This is only a temporary fix. It stopped another great depression from happening on Wall Street which recently fell almost 1,000 points in one day on Greece debt default. Wall Street has stabilized temporarily. Buy more and more investors are selling off their paper portfolios such as stocks, bonds, mutual fund, etc, and buying real Gold Bullion. Gold just hit a record $1,247.00 per ounce.

Outlook is Grim at best -
Yet Obama and Congress (both Republicans and Democrats) want to raise the age for retirement in the USA to 70 years old. It seems it's okay for America to fund other retirement programs and bailout foreign governments at America's expense.
When will we say enough is enough.
This is Obama and the Liberal looney lefts plan. Crash America and the world economies with out of control spending and form one world socialist government.

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