Category: Economics

Greece is deep in debt and the whole economy is reported as being on the verge of collapse. The Greek Parliament passed an austerity Bill that raises taxes and cuts pensions. The citizens are the ones who are going to suffer under the fallout from this measure. Financial debt is created by inept government economic handling and those who created the mess aren’t the ones who have to live with the consequences. That burden usually falls to the people, the citizens who trusted their officials to properly do the jobs they were in place to do. As Republicans in America...