Posted on 07/08/2011 7:38:49 PM PDT by mojito
Let’s see, that’s about 12,000 salaries for a year, isn’t it? But rather than do that, some intelligent person decided to flush it down the Greek toilet, never to be seen again. Now there’s money well spent, huh? Anyone know what the total foreign aid give-away budget is?
While our debt in increasing substantially, we continue to spend money we do not have to bail out an economy based on socialism. Socialism has failed 100% of the time it has been tried. Our socialist economy is failing, but we insist on emulating the Socialist Europeans, and other failing economies such as Communist Cuba. Stupid is as stupid does, ehh?
I declare this debt as odious.
just great!@#$%
Their average family of four shoulders $144,990 of their greek debt.
So OUR average family of four pays THEIR average family of four $212 so that they can keep up their lavish unfunded federal spending.
PLUS, we borrowed that $780 Million from China to pay Greece!
Our average family of four already shoulders $491,716 of our own federal debt!
Bumper sticker idea: Honk if I’m paying for your car, your mortgage, and your big, fat Greek bailout.
I don't think China is buying any more of our debt. We're printing money.
What Would a Greek Haircut Mean for Germany?
The last two sentences...
Since Germany's federal government acted as the loans' guarantor, the finance minister would have to make up for any shortfalls. If Greece gets a 50 percent haircut on its loans, that would cost the ministry more than 4 billion.
We're not bailing out out Greece.
We're bailing out the foreign banks that were dumb enough to lend them money.
Who Has The Most Exposure To Greece?
Even the U.S. banks holds $1.8 billion worth of distressed Greek securities with an additional $4.7 billion of holdings in the private sector. When all types of claims and exposures are considered, the United States has $43.1 billion dollars invested in Greece....Bank of America, on the other hand, shows its direct sovereign and non-sovereign exposures to the aforementioned countries; cumulative Greek exposure amounts to only $677 million. Other banks did not reveal their figures.
Gee, wonder why...?
dang! I slipped some spreadsheet rows and messed up the populations....
it should have said...
Their average family of four shoulders $198,102 of their greek debt.
So OUR average family of four pays THEIR average family of four $290 so that they can keep up their lavish unfunded federal spending.
PLUS, we borrowed that $780 Million from China to pay Greece! (ok we just printed it)
Our average family of four already shoulders $178,526 of our own federal debt!
Thanks Future Useless Eater.
http://www.freerepublic.com/focus/news/2746002/posts
http://www.freerepublic.com/focus/news/2746001/posts
http://www.freerepublic.com/focus/news/2745999/posts
http://www.freerepublic.com/focus/news/2745996/posts
Or a great tagline...
LOL! Thx!
Why not step out of the way and let China bail them out?
Thanks for the ping back to the thread and your comments. Thanks for your links & information, mewzilla.
BTTT!
Hmmm. Our taxpayer money paying Greek interest to hedge funds?
Must be one of those public-private partnerships we keep hearing about.
"So, we're borrowing from the Chinese, to pay the IMF, to give it to Greece, to pay hedge fund swindlers, one of whom is actually a Martian! Hee-hee-heeee!"
Post/tagline BUMP!
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