[Vision2020] Don't give Butch ideas...

[Jay Borden]

I believe that if our economy is going to have any chance of survival beyond the next 20 years or so, we need to take a HARD LOOK at the lessons being learned over in Europe (Greece, Portugal, etc) in regards to how some of these nations have decided to balance their check book… (so to speak).

 

If we continue down our current path of debt/spending/taxing/spending/spiraling/spending…. then we should be looking to Greece as an ominous foreshadowing of what’s to come in this hemisphere.

 

 

Jay

 

From: vision2020-bounces at moscow.com [mailto:vision2020-bounces at moscow.com] On Behalf Of Ron Force
Sent: Wednesday, February 22, 2012 11:07 AM
To: vision2020 at moscow.com
Subject: [Vision2020] Don't give Butch ideas...

 

Some Greeks Might Have to Pay for Their Jobs

Reuters

ALEXANDER ABAD-SANTOS 621 Views10:20 AM ET
It's being called the "negative salary": Due to austerity measures in Greece, it's being reported that up to 64,000 Greeks will go without pay this month, and some will have to pay for having a job. Numbers in austerity reports have usually reflected figures in the millions, since they reflect industry-wide cuts (i.e.  a 537-million euro cut to health and pension funds). And plans of cutting minimum wage by up to 32% is all but a given in the country. Today's "negative salary" deal—which could have government employees returning funds— reveals the real human impact of the austerity measures.

As Zero Hedge and the Press Project report:

Salary cutbacks (called "unified payroll") for contract workers at the public sector set to be finalized today. Cuts to be valid retroactively since november 2011. Expected result: Up to 64.000 people will work without salary this month, or even be asked to return money. Amongst them 21.000 teachers, 13.000 municipal employees and 30.000 civil servants.

 

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