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The wheels come off Greece's crisis may come here
The New York Post ^ | June 29, 2011 | Michael A. Walsh

Posted on 06/30/2011 3:20:43 PM PDT by Clintonfatigued

A zero-sum mentality regarding capital and labor has brought Europe to its present pass -- and Americans should be worried. Because what's happening in the cradle of democracy could be coming here.

Not the rioting -- Americans rarely take to the streets in violent protest. But Greece ought to be a wake-up call. With the national debt standing at more than $14 trillion -- and as much as 10 times that in unfunded liabilities and other obligations -- America's on a path every bit as unsustainable as the Greeks'.

Whether they, or we, want to admit it, the party's over. The only questions now are how bad the mess will get, who's going to clean it up -- and how loud the screaming's going to be.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Editorial; Government
KEYWORDS: debt; default; economy; europeanunion; greece; teachers
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1 posted on 06/30/2011 3:20:53 PM PDT by Clintonfatigued
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To: Kaslin; SunkenCiv; bamahead; traviskicks; neverdem; JulieRNR21; ExTexasRedhead

If we can keep going until 2013 and Obama is voted out of office, there is still hope. Now THAT’S hope and change I can believe in.


2 posted on 06/30/2011 3:22:49 PM PDT by Clintonfatigued (Illegal aliens collect welfare checks that Americans won't collect)
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To: Clintonfatigued
Not the rioting -- Americans rarely take to the streets in violent protest.

We are not looking ahead to ordinary times. The rioting could well just be the beginning.

3 posted on 06/30/2011 3:23:36 PM PDT by Pan_Yan (Those that despise people will never get the best out of others and themselves. Tocqueville)
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To: Clintonfatigued

When those that feel they have a right to entitlements stop getting them....


4 posted on 06/30/2011 3:23:41 PM PDT by NoLibZone (Be respectful, be courteous, have a plan to kill every flash mob member that threatens you or others)
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To: Clintonfatigued

Haircut is coming!!!


5 posted on 06/30/2011 3:24:05 PM PDT by mountainlion (The time to be on guard against tyranny is before it has gotten you Thomas Jefferson)
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To: Clintonfatigued
I recently corrected a headline on another thread before comprehending it completely, and embarrassed the hell out of myself in the process. So I'll ask this time...is it just me, or is that headline badly in need of some punctuation? As in:

The wheels come off Greece's crisis; may come here, or

The wheels come off; Greece's crisis may come here

Maybe the NY Post has laid off the editor in charge of writing headlines?

Scouts Out! Cavalry Ho!

6 posted on 06/30/2011 3:28:43 PM PDT by wku man (Who says conservatives don't rock? http://www.bigdawgmusicmafia.com)
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To: Clintonfatigued

I’m amazed at the number of “experts” and economists who can’t grasp basic math.


7 posted on 06/30/2011 3:29:47 PM PDT by mgstarr ("Some of us drink because we're not poets." Arthur (1981))
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To: Clintonfatigued

We live in interesting times. See my new tagline.


8 posted on 06/30/2011 3:38:05 PM PDT by SoCal SoCon (Yesterday Argentina, Today Greece, Tomorrow America)
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To: Clintonfatigued

-——Americans rarely take to the streets in violent protest——

Feral urban Americans don’t protest, they just loot and burn


9 posted on 06/30/2011 3:39:46 PM PDT by bert (K.E. N.P. N.C. D.E. +12 ....( History is a process, not an event ))
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To: Clintonfatigued

You get out of debt by working. This isn’t rocket science.

Exploit your natural resources - drill and mine. These activities are wealth multipliers. If the eco-fascists get in the way, ship them to North Korea.

No more Mr. Nice Guy. Either the leftist rooting pigs chip in and work or they get a one-way ticket to join their commie cousins.


10 posted on 06/30/2011 3:40:21 PM PDT by sergeantdave (The democrat party is a seditious organization that must be outlawed)
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To: Clintonfatigued
Whether they, or we, want to admit it, the party's over.
I've worked my @ss off for 40 years. What party?
And if he means the welfare for life scumbags are going to riot here, then I say we call out the NG and shoot 'em on sight.
11 posted on 06/30/2011 3:43:28 PM PDT by oh8eleven (RVN '67-'68)
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To: Clintonfatigued
"Not the rioting -- Americans rarely take to the streets in violent protest."

LOL! Listen beyond the first two minutes for the more honest comments.

Jim Rogers Interview on Dollar, Commodities From June 10
http://www.bloomberg.com/video/70751156/
[Bloomberg title and link only. Do not post any content from Bloomberg to FR.]


12 posted on 06/30/2011 3:44:59 PM PDT by familyop (We Baby Boomers are croaking in a thunderous avalanche of rottenness smelled around the earth.)
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To: Clintonfatigued
Americans rarely take to the streets in violent protest.

Apparently the writer wasn't around in the 60's, especially '68.

13 posted on 06/30/2011 3:45:52 PM PDT by OB1kNOb (Financial Repression.......it answers a lot of questions.....read about it on FinancialSense.com.)
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To: Clintonfatigued

As a country we are at that awkward stage, to late to make changes from within the system, too early to shoot the bast**ds.


14 posted on 06/30/2011 3:50:09 PM PDT by mlmr (Angry with what leftists are doing to our country, our children and our culture...)
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To: Clintonfatigued

“Americans rarely take to the streets in violent protest”
I know that blacks, mexicans and liberals will take to the streets if their access to the public teat is curtailed or cut.


15 posted on 06/30/2011 3:52:50 PM PDT by Scotsman will be Free (11C - Indirect fire, infantry - High angle hell - We will bring you, FIRE)
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To: sergeantdave
If the eco-fascists get in the way, ship them to North Korea.

Bury them in the tailings. Alive.

16 posted on 06/30/2011 3:54:16 PM PDT by Noumenon ("One man with courage is a majority." - Thomas Jefferson)
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To: wku man

Thousands flee, storm peters out


17 posted on 06/30/2011 4:13:50 PM PDT by preacher (A government which robs from Peter to pay Paul will always have the support of Paul.)
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To: Clintonfatigued

“Greece’s crisis”

Say that five times and it starts to sounds weird. Hey, doesn’t hurt to take diversion where you can find it while you’re going bankrupt.


18 posted on 06/30/2011 4:29:43 PM PDT by Prince Caspian
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To: Clintonfatigued

Most of us won’t riot.... most.


19 posted on 06/30/2011 4:33:04 PM PDT by GOPJ (Black flash mobs: street level reflections of elite liberal hate for middle class America..)
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To: sergeantdave

“Exploit your natural resources - drill and mine.”

I recall reading that is how Germany got of their Depression back in the thirties. Well, they exploited Poland’s, Hungary’s, etc. resources (including people) - but it is the same idea.

ANWR, the Western coal fields, oil shale, the oceans, all within our reach if we could overthrow the existing government (or at least the rules) that has put up borders around them.


20 posted on 06/30/2011 4:38:52 PM PDT by 21twelve (Obama Recreating the New Deal: http://www.freerepublic.com/focus/f-news/2185147/posts)
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