Nemo me impune lacessit

No one provokes me with impunity

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No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.

Article 1, Section 9, Constitution of the United States

If this is the law of the land...why in a republic (little r) and as republicans, do we allow mere POLITICIANS to the right to use a "title of office" for the rest of their lives as if it were de facto a patent of nobility. Because, as republicans, this should NOT be the case...just saying...

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Wednesday, June 08, 2011

Obama To Bail Out Greece?

BigGovernment.com is reporting on a speech by Barack Obama in Berlin today.  They quote him as saying
President Barack Obama on Tuesday…pledged U.S. support to help tackle the country’s debt crisis. …After a meeting with German Chancellor Angela Merkel, he stressed the importance of German “leadership” on the issue – a hint that he expects Berlin to help – while expressing sympathy for the political difficulties European Union countries face in helping a struggling member state.…”we have pledged to cooperate fully in working through these issues, both on a bilateral basis but also through international and financial institutions like the IMF.”
Not just no, but HELL NO!  This is the auto bail out writ large.  This would require at least $100 billion  dollars just to make a dent in the profligate spending practices of the moribund Greek government.

What makes this development so unpleasant is that this new bailout (Greece already has been bailed out several times, with both direct and indirect handouts) will make things worse. Another bailout will be a case of throwing good money after bad. And it will exacerbate the economic damage by delaying the economic reforms that are needed to put Greece’s economy in better shape.
Here's a graph linked to in the article that will explain just how much the EU has sunk into the PIGS of Europe.

Basically, the EU has sunk almost $3 trillion dollars  into the PIGS, and Mr. Obama wants to sink even more of your hard earned dollars into the cess pool.  NOT JUST NO, BUT HELL NO!

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