Anger Of Austerity

To those who lived during the Depression of the 1930s it is difficult wiping from our minds how poverty and lack of work warps the soul. The neighbor who got a job selling popcorn and feeds the family popcorn can not readily leave our minds. People in Greece are furious at the outcome of their economic debacle. Hundreds of youth threw fire bombs and bottles and rocks at riot police. At least 70,000 took to the streets as those without seek to  express frustration and anger at those held responsible.

The Greek people can shut down public services, they can pelt the police with whatever is in their hands, but in the end, there is need for an informed approach to what happened to a nation which went wild with speculation and allowed its economy to be controlled by the wealthy and professionals only interested in keeping their jobs.

Greece needs a balanced solution which entails reductions in wages, higher taxes(and actually collected) and also spending on infrastructure and encouragement of new business enterprises. One must curtail and spend to get out of a recession.

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