Tag: Greece

Greece is a country in southeastern Europe. Greece has land borders with Albania, the Republic of Macedonia and Bulgaria to the north, and Turkey to the east. Greece is a parliamentary republic.The nominal head of state is the President of the Republic, who is elected by the Parliament for a five-year term. The current Constitution was drawn up and adopted by the Fifth Revisionary Parliament of the Hellenes and entered into force in 1975 after the fall of the military junta of 1967–1974.

Cut, Cap, and Balance

It did not take long to find a web site dedicated to it, www.cutcapbalancepledge.com The Pledge is very simple:

Cut – Substantial cuts in spending that will reduce the deficit next year and thereafter.
Cap – Enforceable spending caps that will put federal spending on a path to a balanced budget.
Balance – Congressional passage of a Balanced Budget Amendment to the U.S. Constitution — but only if it includes both a spending limitation and a super-majority for raising taxes, in addition to balancing revenues and expenses.
I think the pledge is the common sense position for a solution to our nation’s budgetary and debt crisis. Left unchecked

U.S. Budget Deficit & Federal Debt

The issues and news surrounding the U.S. Deficit has been sort of like low-level background noise as ever since I was a child. However its size as a percentage of the Gross Domestic Product and the size of the interest payments on the debt as a percentage of the Federal Budget has been growing ever louder like the sounds of thunder on an ever approaching thunder-storm.

I thought I would to highlight a recent article on the topic by

A Few Thoughts on Greece

Later tonight the Greek parliament will vote on a five-year plan of budget cuts, tax raises and privatization in order to win a bailout package consisting of EU/IMF funds. While the prospects of the parliamentary vote, its expected passage, and the subsequent saving of the French banks, have somewhat calmed the markets; I am somewhat surprised how easily the market seems to