The IMF is setting the trend for bailing out countries on the verge of bankruptcy. Greece is the first; we see protestors fighting requests that they help get themselves out of the mess their neo-socialist policies have created. They demand that no changes be made--it is their right to retire at 50-55 and live in comfort--funded by other European countries. Any one who is paying attention will surmise that the US could soon be doing the same thing for insolvent states like California and New York.
This administration has reason to do this. These states have been run into the ground by their unsustainable spending. Without the leadership to demand serious cutbacks and with pressure from Unions to fight those needed changes, Obama Inc. will insist we must prop them up with the necessary bailout funds--through loans from China--to be paid back by the more fiscally responsible states.
But do we see what we are doing? We are like a family who 'enables' the reckless spending, irresponsible relative. And sooner or later, like that family, we'll find that instead of helping the person through a temporary rough patch, we've made the problem worse as their demand for help never ceases, ever growing with time as we continue to pay and digging us deeper into a whole of insolvency and debt ourselves.
The President does not concern himself with future problems--he is only concerned with the immediate 'benefit'. He knows that these large states, filled with democrat voters need to be placated so that he can retain power. And he wants to grow the number of people who look to government for all their needs--for him and all the other 'neo-comms', it's a 'win-win' situation.
But for the country as a whole and American who prize our liberty, it's a huge loss. We will be forced into perpetual servitude to our Govt. to feed the evergrowing demand for cash to maintain these states' bloated and unsustainable programs and pensions.
If things continue as they are headed, it's pretty clear that you and I will one day be working at Walmart long past retirement age to fund pensions and programs for citizens in California, Florida, New York et al. We will provide the 'slave labor' necessary to prevent them from failing.
The threat to our nation is very real. Like the family that tires of being soaked by their irresponsible relative, these situations often break up a family; and on a National level, this could be devastating to our Union.
