It is just a matter of time for any entitlement state. People will vote for free money (well, free to them, at least) and would rather see the country go down in flames (literally and figuratively) than give up some of their extravagant benefits. Via Greek lawmakers approve austerity bill as Athens burns. (Hat tip: Lone Wolf Archer
The Greek parliament approved a deeply unpopular austerity bill to secure a second EU/IMF bailout and avoid national bankruptcy, as buildings burned across central Athens and violence spread around the country.
Yep. That’s what unions and entitled people do. Remember Wisconsin?
Cinemas, cafes, shops and banks were set ablaze in central Athens as black-masked protesters fought riot police outside parliament.
. . .
“Vandalism, violence and destruction have no place in a democratic country and won’t be tolerated,” he told parliament as it prepared to vote on the new 130 billion euro bailout to save Greece from a chaotic bankruptcy.
Papademos told lawmakers shortly before they voted that they would be gravely mistaken if they rejected the package that demands deep pay, pension and job cuts, as this would threaten Greece’s place in the European mainstream.
Too late, I’m afraid.
“It would be a huge historical injustice if the country from which European culture sprang … reached bankruptcy and was led, due to one more mistake, to national isolation and national despair,” he said.
It will be a greater historical injustice if politicians on both sides succeed in destroying the U.S. because they were too gutless and/or incompetent to cut entitlements while we still have time.
“We are facing destruction. Our country, our home, has become ripe for burning, the centre of Athens is in flames. We cannot allow populism to burn our country down,” conservative lawmaker Costis Hatzidakis told parliament.
The air in Syntagma Square outside parliament was thick with tear gas as riot police fought running battles with youths who smashed marble balustrades and hurled stones and petrol bombs.
Remember this important graph. The real purpose of government — defense, keeping an orderly society and manage a reliable currency — could be more than paid for with our current tax receipts. But the entitlement spending dwarfs those costs and ensure that entitlement spending will grow.
Remember the cycle: Politicians and public sector unions funnel cash to each other — cash that they got from taxpayers. They have no reason to change anything, and every reason to grow.
We need to elect some adults who will do something about this.