Greek spending has actually been rising

[All Along The Watchtower]

Hmm...seems like there's another big problem in Greece that I don't see mention of in this thread.

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http://www.ritholtz.com/blog/2011/05/kicking-the-can-to-the-end-of-the-road/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29

[All Along The Watchtower]

Obviously. It's always good policy to punish success.

I guess Californians and New Yorkers could say the same seeing how their money go to welfare states like Alaska and Mississippi.

We're too generous. We love them, they don't love us back.

[All Along The Watchtower]

Why not let Greece default, and just kick them out of the EU? Just asking.

Tiny Greece seems to be holding everyone hostage as it were, and it's annoying. They need to get a memo that the penalties will be severe. Just cut them loose is my visceral reaction, so tell me why that is unwise. It may well be, but I want to start a discussion on this. I want to get educated. Thanks.

Goddamn, you're an elitist authoritarian.