Monday, July 06, 2015

Tax and Spend

Eurozone rulers pressure Greek finance minister into resigning. This is not a good sign because it means Greece's rulers still want to stay in the euro.

The IMF won't accept Greece's default because sovereign debt is interminable and taxpayers are debt slaves.

Eurozone rulers refuse to give ground, threatening Greece.
"Tsipras, meanwhile, moved to insure himself against purported eurozone plots to topple him and force regime change by engineering a national consensus of the country’s five mainstream parties behind his negotiating strategy, focused on securing debt relief. Tsipras also sacrificed his controversial finance minister Yanis Varoufakis, in what was seen as a conciliatory signal towards Greece’s creditors."
Of course they want to topple him.

Defense spending is really about profiteering, not defense.

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