Greece isn’t getting a bailout. The creditors are. And I thought Banks and financial houses were supposed to have the smarts. Why did they lend the money? Because they can, they have total control/power. The people who will suffer the most had nothing to do with it. Goldman Sachs doubled their debt 5 years ago and walked away with several hundred million in ‘fees’.
No you didn’t a house you bought for 100k is now worth 200k – you didn’t pay any tax on the 100k difference. Anyway if I pay my handyman 100 bucks to fix my broken window – he has to pay tax on that 100 bucks even though I already did so why the diff?
Ponzi scheme? How is SS different from any other insurance program e.g. auto insurance, life insurance. Any insurance program pays current claims out of current premiums. Any insurance company is required by law to have a reserve just as SS has $2.5 trillion currently.
ISIS doesn’t have to cross an ocean to get to Russia.