Friday, May 7, 2010

Greece's Abyss

Subject: txt sclm intl mny -
Socialism: The left has falsely demonized Tea Party protests in the U.S. as violent. But it ignores real violence in Greece, where leftists and anarchists have rioted and even murdered to fight cuts in their welfare state.

A week ago, the European Union and the U.S.-backed International Monetary Fund came through with $146 billion to bail out the biggest spendthrift in Europe. Greece didn't deserve it.

For years it lied about its finances and when the truth finally spilled out, its deficit as a share of GDP stood at 13.6% (vs. the 3% required of EU members)...

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