Greece parliamentary election - September 20, 2015

[BigSkyBob]

Tsipras's actions were little less that George Hubert Walker Bush's "Read my lips! No new taxes!" on steroids. When faced with public debts that cannot be paid he ran on a platform of taking Greece's medicine by defaulting. Just as Bush opted for the expediency of tax increases over the pain of cutting the budget, Tsipras opted for the expediency playing the supplicant over the pain of default.

When running for reelection Bush, after winning the first Iraqi war, received a McGovern/Hoover percentage of the vote. I'm kinda mystified why Tsipras isn't polling 2.5%.

Also strange is why people are debating the relative merits of the CDU-CSU-Syrinza coalition over the CDU-CSU-ND coalition. Why not just run Angela Merkel and be done with it? The choice seems one of tweedle-dee vs. tweedle-stumme to me.

The history of these situations is that government run up massive debts selling its bonds to widows and orphans. When the debt become too large, the creditworthiness of nation is called into question raising interest rates and precipitating a "death spiral." As the debt becomes toxic, widows and orphans have to sell out to speculators at rock-bottom prices. The speculators negotiate a "hair cut" in which they receive a higher recovery than the widows and orphans in the form of bonds of a now-sustainable debt which can be unloaded on a new generation of widows and orphans. The only fly in the ointment to the bankster's plan is even more rapacious lawyers who "hold out" for face value with the threat of endless international litigation. Tsipras, to his credit, stated that he wasn't going to play that game. Now, he is. Pathetic.