posted on Dec, 5 2011 @ 10:00 AM
Let's take a clinical approach to the latest proposal by those supposed leaders to save EU.
1. They disband democracy to allow outsiders to determine the national budgets of EU sovereign states because:-
a. Those economic leaders had failed to balance their budgets and probably had misused billions, if not trillions of precious funds through
ineptitude, corruption,cronyism and collusion with banks/Corps.
Blame those leaders whom had failed, and now need outsiders to do the job for them.
.
2. The fear of outsiders doing the job is that they may have no empathy for citizens. They are, after all, only bean counters where everything is
defined as a number and not lives, nor care about the impact their 'solutions' may have on human lives.
The rational and only thing to do 'by the book' is to cut spending, so that tax revenues can then be used to pay off loans.
Unfortunately, if it was only so easy to go 'by the book', financial crisises would never had happened in the first place.
By cutting spending, hoarding up revenue to pay off loans, it will mean little or none will be left for public expenditure. The size of sovereign debt
interest alone more than takes up all revenues earned from GDP. Worse is that paying off interest would means the capital sum WOULD NEVER be paid
back, and generations will forever be enslaved.
Public expenditure is not just about paying off civil servants. Much of those funds goes into education, providing utilities to citizens, subsidizing
high costs of healthcare to the poor, social benefits to help those fallen on the wayside to temporary tide over hard times, for the aged whom are too
old to work to have a meal or two, etc.
Once that is cut, think of the horrors that would befall society. Every human will become enslaved. His labour belongs to debts. Taxes will be high.
Children will have no or little value education. The sick left to die. The poor and aged left to die.
Without motivation, there will be nationalism pride, except for a free for all society, to rob, intimidate, and scam others in order to survive.
I can go on. But you will get the drift... Fiscal Totalitarianism is not the way to go. Even if the outsiders were genius, they know not the citizens
whom they willl need to support the economy, or are too high in their ivory towers, out of the touch of the common suffering citizens.
Hang ( figuratively) the leaders, say no to repayment or at least moratorium of 30 yrs interest free, and choose amongst own citizens for an
administrators to guide a better direction for foreign investments into ready laid infrastructure to generate jobs and wealth for all, rationally,
sensibly, and honestly. This is the only way, or europe will burn...