Greece is the turkey of the week.They’re going bankrupt. Their big socialist spending habits are killing them. Socialism does not work. Many socialist countries are in horrible financial states, and Obama is trying to send us down the same path.
Each year, Greece is in the hole 13% of GDP. It is going to take a really long and bad recession to get them out of the troubles they are in. Otherwise, the EU is going to have to continue feeding them bailouts each year, and I think that they will grow tired of giving them money. Greece needs to cut back the ridiculous social programs and get back to reality and the things they can actually afford.
Maybe someone should tell Obama about Greece, how spending more money on social programs that you really can’t afford can lead to bankrupting the country!
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On Thursday Barrack Hussein Obama announced that he is going to go after banks with new taxes. This is a particularly stupid idea because the banks will just pass the added costs onto customers like you and me. In other words, it is just another tax on all of us, no matter how much or little we make. Gee, thanks Obama; I don’t think this was the change the country was hoping for!
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Be sure to check out this month's edition of Bulletproof Your Financial Future -Newsletter. You can find it on our website HERE.
In this month's issue:
Real Estate: Keep Your Home Safe - Lyndi Reed
Mortgage Help: Don't Cannibalize Your Home's Equity -Michael Roberts
Legal: Death of a Spouse, Loose Your House? - Kirk W. Bennett
For too long they have bowed down to special interests and let the American people down. If you are fed up with the way our country has been heading, it’s time to throw the bums out of office and take back our government!
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