Charles Krauthammer Quotes
It doesn't take a genius to see what happens when the entitlement state outgrows the economy upon which it rests. The time of Greece, Cyprus, Portugal, Spain, the rest of insolvent social-democratic Europe — and now Detroit — is the time for conservatives to raise the banner of Stein's Law and yell "Stop." You can kick the can down the road, but at some point it falls over a cliff.
Krauthammer, Charles. "Detroit and the Blue State Model." The Washington Post, 25 Jul. 2013.
His predecessors had lied about the status of the Greek Economy and then squandered the money with waste, fraud, and corruption. To avoid total national bankruptcy, Greece needed a large bailout which was given subject to a set of required conditions of reform and transparency. This “austerity” package created a great hardship for many of the average Greek citizens while the wealthy who had benefitted from the previous incompetence and corruption took their money out of the country. The Greek voters elected a new government without much experience but who were committed to lifting the burden of the austerity package. The problem was that the major nations of the Eurozone, whose taxpayers would have to pay for the bailout, had been burned before by Greek government lies and incompetence and did not trust the Greeks, insisting on the austerity measures if any bailout money would be forthcoming. The new Greek government was caught in a great dilemma. Agree to the same kind of Austerity package and continue the great hardships on the people or go into Bankruptcy and leave the Eurozone the consequences of which would probably be worse. The finance minister was hoping for a compromise.
Charles Krauthammer was an American political columnist. A conservative political pundit, Krauthammer won the Pulitzer Prize for his column in The Washington Post in 1987. His weekly column was syndicated to more than 400 publications worldwide.
