Isn’t it doing the same thing over and over, but expecting a different and contrary result? Well, if that’s the case, then the Euros are insane. The Euro is getting hammered and the S&P has downgraded Greece’s rating 2 notches yet again – they obviously are certain a Greek default is a question of when, not if – with several other southern European countries heading the same way, and what do they do? Well, they double down on the stupid and are looking to provide more bailouts for the Greeks. What is the damned incentive for the Greeks to live in their means after that?
Shit, go ahead and keep running debt up and spending money you don’t have on the big collectivist state Greeks! What are these other losers gonna do? Cut you off? Watch the EU crumble around them? Nah, they are so desperate to keep the fantasy of the EU and the collectivist nanny state alive, for as long as possible, that they are simply not going to even blink at the fact that the Greeks are thumbing their noses at them and their demands for austerity measures. It’s a free ride for all of you, man. And Italy, Spain, Portugal, and even Ireland are on notice not to try to hard to fix their fiscal madhouses either. Spend like there isn’t going to be an end to the free money ride! More bennies for the slackers! Retirement at 50 for everyone but government employees: they can retire at 45! 25 hour work weeks for all! Free healthcare till you get old enough that they figure euthanizing you is the humane thing to do! And most important of all, have Uncle Sam keep paying for your defense and the bank bailouts!
Seriously, this is where we are it seems too. It’s going to be an ugly few decades with the nanny states basically unraveling across the globe. The people that want the free ride ain’t gonna give it up. There are rich people to fleece, don’t ya know! Hold on to your horses.