Greece is considering legal action

I was sitting outside watching my kids play in their sandbox and waiting for my husband to come home with our (probably soon to be illegal) breakfast of doughnuts, when I decided to check out Twitter. I couldn't believe my eyes when I saw a tweet proclaiming "Greece considering legal action against US banks." Unfortunately I can now not find that tweet, but I was able to google the story, which is here:

Greek Prime Minister George Papandreou declared he is not ruling out taking legal action against U.S. investment banks for their role in creating the spiraling Greek debt crisis.

What?! Is it just me or does this seem incredibly ballsy? "...Greece has [been]...running unsustainable budget deficits with lavish government spending on unions, early retirements, impossible labor laws, subsidizing failing businesses, Madoff-like accounting practices and socialized health care." (Read more: A Euro of living dangerously) According to this Wikipedia entry, "[t]he public sector accounts for about 40% of GDP." Where do the evil U.S. investment banks come in to this equation? Yeah, I don't see it, either.

A couple of paragraphs down in the same article:

The 2009 budget deficit stood at 13.6% of GDP. This, and rising debt levels (115% of GDP in 2009) led to rising borrowing costs, resulting in a severe economic crisis.[22] Greece falsified its financial data to try to cover up the extent of its massive budget deficit in the wake of the global financial crisis.[23]

I'm no economist, but it seems to me that if you continue to borrow money without making any new money to pay it back, you're going to eventually run into trouble. It's like trying to pay your Visa bill with your MasterCard. But what do I know? I'm just a dumb, conservative hillbilly.

Besides that assault on our taxpaying checkbooks, (because we all know who will ultimately be paying for that lawsuit, if it's brought) we are already on the hook for $40 billion to help bail Greece out of their predicament thanks to the IMF. We're already going down the same path as Greece, but, hey, what's $40 billion among friends? Ugh!

The only hope we have as a nation, if we want to avoid Greece's fate, is voting the lefties and the RINOs out of office and replacing them with politicians willing to support the Fair Tax. You knew I'd have to throw that in at some point, didn't you?

My head is spinning

My head is spinning with everything going on in the news these days. I wish I could stop time and have a chance to catch my breath and regroup. I've had to go from barely having enough interest in politics to be able to vote each year to trying to immerse myself in as many news/political websites and blogs as I can to try to get some sort of understanding of what is happening.

And I worry about how our country is going to survive this move into Socialism. Even if the health care bill is repealed, what will we do about all the crazies? I mean, I'm sorry, but most liberals seem foam-at-the-mouth crazy. You can't reason with them at all, they tune you out and start screaming "RAAAACIST!" at you. I don't have to look any further than my own sister for proof of this.

A few months ago she caught me on Yahoo messenger and told me, with the utmost delight, about how she was antagonizing the 70-something mother of one of her friends. She justified it by saying her friend told her that his mother was a bigot. I could almost see the nasty gleam in my sister's eyes as she told me how she liked to go on the woman's Facebook page and leave comments about how great Obama is as a president and how great the economy is doing, etc., etc. Not sure what she was basing that last bit on, either, because the economy has been in the tank for over a year.

The only glimmer of hope, at least in my eyes, is the Fair Tax. If we can get the Republicans back in the majority, and we can convince them that we want the Fair Tax, we might be able to save our country from destruction.

What do we do now?

This is what I've been asking myself. What do we do now that this fiasco of a health care bill has passed?

Besides cleaning house (snicker) come November, I think the next thing that needs to be focused on is our tax system. Because, if you haven't noticed (and who hasn't?), it stinks. And if we want to have any hope of being able to pay for all this entitlement crap, we've got to find a way to generate the money. The way things stand now, we've got no chance in hell of being able to support any entitlement programs. And like Social Security and Medicare/Medicaid, we'll probably never be able to repeal Obamacare. Even if it were possible, I like to be practical.

So, what's the answer? The Fairtax. Oh my goodness, I've never been so in love with an idea. It is brilliant in it's simplicity.

From their site:

• Enables workers to keep their entire paychecks
• Enables retirees to keep their entire pensions
• Refunds in advance the tax on purchases of basic necessities
• Allows American products to compete fairly
• Brings transparency and accountability to tax policy
• Ensures Social Security and Medicare funding
• Closes all loopholes and brings fairness to taxation
• Abolishes the IRS

It really is a beautiful thing. /Sigh/ But if that's not enough to convince you, try this handy-dandy little calculator.

Tell me you don't love this idea after using the calculator! Can you see the possibilities? We need to get HR25/S1025 passed. We need to tell our Senators and Representatives we want this passed. I've already written to my Congressman urging him to support this bill. I will continue to do so. If he wants my vote, he needs to support this bill.

The Republicans said they were listening, let's make them prove it!