Here’s an excellent editorial by Louisiana governor Bobby Jindal in left-leaning Time magazine.
It’s simple math to understand what is happening in Greece right now. When Greece joined the euro, it benefited from the financial support of its more fiscally responsible neighbors in the euro zone. Rather than taking the opportunity to enact the structural reforms that could have increased growth — reforms that it still has not undertaken — Greece instead went on a spending spree funded by other people’s money.
Greece has been cooking the books with complicated financial instruments for years. But the problems don’t stop there. Greece’s Rubik’s Cube tax code and rampant corruption make tax evasion widespread. Golden parachute public pensions that allow public sector workers to retire as early as 45 drain dollars out of the government coffers while incentivizing a still healthy and work-age workforce to live on the public dime. It’s hard to have sufficient tax paying workers when about 75% of Greek public-sector employees retire by the age 61.
Did the new socialist government run by 40-year-old child Alex Tsipras fix anything?
They made it worse:
After taking office in January, the Alexis Tsipras administration reversed promised privatization of state-owned assets like the Port of Piraeus. In 2011, the IMF predicted Greece could bring in 50 billion euros ($56 billion) from the sale of state assets, not to mention the savings from moving those employees off the public wage and benefit system. To date, it has raised about 3 billion euros.
Business has no interest in creating jobs when crushed by government regulation. Tspiras promised to raise the minimum wage, despite the economy spiraling out of control. It’s not surprising the March unemployment rate stood at 25.6%.
Privatization is a thing that conservatives do, because we don’t like the idea that government workers get automatic pay from compulsory taxation. We prefer that whoever is providing services be in the private sector, as independent from government influence as possible. That way, they actually have to compete with other providers to earn your money – something a government monopoly never has to do.
Anyway, back to Greece socialism. Who would be stupid enough to raise taxes, raise minimum wage, increase spending and promise people more free stuff as a way of getting out of debt?
These two unqualified clowns, that’s who:
Clinton and Sanders are math deniers, like most of the Democrats in D.C. They want to grow the government economy instead of the real American economy. Rather than pursuing tax reform to improve growth or entitlement changes to reduce future expenditures, Clinton and Sanders are focused on spending trillions on Obamacare, giving free college to everyone, and raising the federal minimum wage.
Since January 2007, Democrats have added well over $10 trillion to the national debt, running it up to $18.5 trillion, higher than the entire GDP of the country. What have we got for that? Fewer people in the labor force, and more people dependent on government, that’s what. But oh, you can marry your siblings and pets now, because lurve, so that’s something.
OK, so let’s talk about Bobby Jindal. Initially, I had him slotted in as my #2 candidate with Scott Walker on top. But Walker has had two months and hasn’t done anything super conservative. Meanwhile, Jindal has offered a lot of red meat to conservatives on marriage and right to life, and now we have this aggressive condemnation of socialism, too. I think Jindal is now my top pick, and Walker is next, then Cruz. Fiorina is looking better at this point and is #4, and Rubio is off my list entirely.