EU offers New York City 1 trillion dollar bailout
May 10, 2010
11,306,183 … that’s the total population of Greece… or roughly the same as the New York Metro area. Literally it appears a city state needs a 1 trillion dollar bailout.
The bailout comes to $90,000 per every man, women and infant child in the entire country.
$90,000 dollars per person, every person. Every elderly individual, every college student, every baby with a pacifier.
The 1 trillion dollar bailout package for Greece is a mind boggling figure due to the fact that the population of the entire country is akin to just one American City.
So why the one trillion dollar bailout? Exactly how ugly are those Greek Accounting books? How could a series of tiny islands demand a 1 trillion dollar bailout?
Corruption is one, high taxes for the ones that pay is another, wasteful spending is another, the list goes on, to the tune of $90,000 dollars per person in the entire nation.
The mind staggering figure is pure madness. $90,000 per person, What type of entitlement programs do the Greeks have that would justify such a huge dollar figure? How were the Greeks servicing this incredible debt before? And the last question, what happens next when Spain, Portugal and Italy come out. All those countries have substantially higher populations, Using Greece as a standard, You would be looking at a 10 trillion dollar bailout, if not more. Basically more money than the EU has.
Enjoy the new reality.
For your enjoyment, it comes out to $353 789 per household (average of 4 per household) … every Greek citizen to get a brand new house…. sigh…
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