Greek Tragedy is Growing…
The world has been watching with great unease what is currently happening in Greece. The country is hugely indebted and it appears there is no real solution in site. It is in a way a tragedy that comes to show us that we cannot spend more than what we have. By calling it a tragedy, it behooves us to define what that is. Well over two thousand years ago, there lived in Greece the early philosophers such as Sokrates, his pupil Plato and Plato’s pupil Aristotle. Aristotle was a teacher to Alexander the Great, the man who nearly conquered the entire world. Aristotle’s definition of ‘tragedy’ – as stated in his work ‘Poetics’ as follows: Tragedy is characterized by seriousness and dignity and involving a great person (or peoples) who experience(s) a reversal of fortune.
What does that have to do what is happening now in Greece? We think the country is experiencing a reversal of fortune of colossal magnitude that will take drastic changes in how the country has been and is being run and administered by the country’s leaders. They have allowed a financial death spiral to keep going for far too long and are approaching a state of total bankruptcy as a country.
And since Greece is now part of the European Union, the other member States are trying to support its efforts to prevent this collapse by bailing them out with huge financial sums of money from all available sources. At the same time, they are asking Greece to introduce major reforms, spending reductions and stringent austerity measures to improve their finances. While the Greek government appears to recognize the necessity to do so, the people are rioting in the streets. They do not want their lifestyles changed, they want their benefits to continue as before and the hell with the country. This entitlement mentality clearly reflects socialism!
We here at Common Sense University believe that this what happens when over time people get used to receiving things for free, the average Greek person does not seem to understand that there is no free lunch forever and the country as a whole has reached a point of reducing those ‘freebees‘. And in typical socialistic fashion, the people riot and revolt against the government for reducing the number of cookies they, the people, expect to receive for free.
Why are we even writing about this? This Greek ‘tragedy’ is costing the United States of America many billions of tax payer dollars and there is no end to this continued support. The number could go well into the hundreds of billions of dollars. America, how do you like paying with your hard earned tax dollars to pay for spoiled Greeks lifestyles and freebees? But that is not the only reason we are commenting on it. There is a great danger that this country of ours might find itself in a similar situation in the near future. When we have Congress and the President think it is alright to have 1.5 trillion dollar annual deficits on top of a national debt of nearly thirteen trillion dollars, the time might be nearer than we think to find ourselves in a tragedy of major proportions. It could be called the Greek Tragedy, American style.
If anything, we, as a people, should remind ourselves and the elected officials at all governmental levels that we have to change things very quickly to prevent such tragedy in America. We have to insist on curtailing spending at all levels and this might mean severe cutbacks on programs the people have enjoyed in the past and still do. As we have to live within our means, i.e., our incomes at the family level, should we not demand the same from those who we elect to office to administer the affairs of our country, state or municipality? Even if it means cutting back drastically and without smoke and mirror accounting tricks, so be it. If anything, we owe it to our future generations to do so. We cannot continue to just keep on spending right now our children’s inheritances, let alone burden them with a national debt that will send them all to the poor house.
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