"World Economy At stake" In Greek Austerity Vote

http://www.breitbart.com/ ^ | June 28, 2011 | Breitbart

[Biggirl]

Europe ramped up pressure on the Greek parliament Tuesday to approve drastic austerity measures, warning that it would otherwise face a swift debt default that would rock the world economy. As Greek police clashed with protesters ahead of this week's vote, Brussels told Greece that no "Plan B" would be waiting if it failed to pass the measures demanded by creditors in return for loans needed to keep Athens afloat.

[Biggirl]

Could this be America's future?

[dynachrome]

The Greek parliamentcan vote all the austerity they want. I doubt it can be implemented. Pretty much the same here. Cut the welfare gravy train in half and we will have riots. Might have them anyway.

[MeganC]

“Could this be America’s future?”

Yep. It’s California’s present so there’s no reason why it can’t happen nationally. Especially if the Republicans fold on the debt limit.

[screaminsunshine]

I wish the world order economy would collapse so we could start over without the socialists.

[screaminsunshine]

Trust me even if they vote against it Obama and the NWO will give them the money anyway. Socialism can not be allowed to fail.

[himno hero]

America was the hub of it until Obama made a dedicated decision that America should not be the leader of the free world.

[EQAndyBuzz]

Ditch obamacare, implement lieberman/coburn, leave afghanistan and Iraq to the muzzies and lower the tax rates by an equal number, we will be out of debt in no time.

[Paladin2]

"Could this be America's future? "

Yep.

[SkyPilot]

[dynachrome]

The IMF will help them out with US money. Freshly printed! (or freshly computered)

[paul51]

I suppose the world economy is too big to fail, no?

[familyop]

The world’s “austerity measures” include outrageous tax hikes for vain attempts to continue big governments. The slick politicians and their favored boss constituents (mostly employees of various levels of government) already have plans made for us, regardless of the fact that those plans consistently fail.

[sheana]

They would be getting the money from us anyway. This is an IMF loan. Who do you think the IMF is?

[Fawn]

I thought Austerity referred to cutting spending....not tax hikes.
~~~ {In economics, austerity is a policy of deficit-cutting, lower spending, and a reduction in the amount of benefits and public services provided.}

[familyop]

"I thought Austerity referred to cutting spending....not tax hikes. ~~~ {In economics, austerity is a policy of deficit-cutting, lower spending, and a reduction in the amount of benefits and public services provided.}"

It does, but global leaders are revising that for themselves and their favorite constituents. They are also implementing "state asset sales," as often suggested to FR regarding the USA (often presented by commenters falsely as a fear).

Greece backs first austerity package, violence worsens
http://www.freerepublic.com/focus/f-news/2741819/posts