Four little letters used to send a little shiver up the spine of the average American, they were USSR. That acronym doesn't have much of an effect these days
but their ideology lives on and is no longer confined behind the iron curtain. Four new letters should send a shiver up your spine today, they are SEIU.
Your reaction to those letters is probably along the lines of SEI who? Unless your a government employee of some sort or a low income worker in the
service industry you've probably have no idea who they are.
Let me introduce you to the Service Employees International Union. One word in that acronym you need to pay particular attention to is international.
Why focus on the word international? As recently departed SEIU director Andy Stern put it, "Our motto is workers of the world unite to share the wealth.
It's not just our motto it is how we must do business". That little phrase should remind you of that other acronym, USSR and their beloved leader
Joseph Stalin along with the communist revolution he ushered in.
When the goal of an international union is "workers of the world united to share the wealth" you have to ask yourself whose wealth are they
sharing? If Americans by a large margin are more wealthy than workers elsewhere in the world then it is your wealth they intend to share. The
goal is to equalize everyone by doing two things, bringing the wages of international workers up and bringing the wages of American workers down.
Sounds great doesn't it. Communism, not through the force of government but through the growth of unions. Keep the unions in mind as we look at
the situation brewing in Europe.
The headline today is that Europe and the IMF have pledged to loan $145 billion to Greece to deal with their budget problems. Many on Wall Street
will greet this as great news but the devil is in the details.
As part of the deal Greece has to agree to take drastic steps to cut government spending and increase tax revenue. They have a plan to cut and then
freeze government employee wages, cut pension payments and raise retirement ages on public sector workers. They also intend on raising sin taxes,
imposing new taxes on businesses and increasing value added taxes.
In Greece nearly 20% of the population works for the government and another large chunk lives off of very generous unemployment payments. The
public sector wage cuts will reduce the income and spending ability of a large portion of the population while at the same time the cost
of everything is going to skyrocket due to the new taxes.
The unions have vowed to strike to protest the deal. Makes sense doesn't it. Why would you allow the government to cut your pay and increase your
taxes when you are the government, your organized through the union and in a democracy you represent the majority. This plan essentially pits
Greek against Greek, the producers versus the consumers with the only winner being anarchy. The violence and street riots will only increase.
This is what socialism always ends up producing, dependency and a feeling of entitlement followed by violence as resources get scarce. SEIU
has organized this entitlement mentality into a world wide organization ensuring that the discontent will only spread across the globe.
The bail out though actually creates a bigger problem than it potentially solves. The $145 billion loan has to come from somewhere and if you look at
the numbers a lot of money is coming from countries that are already having trouble borrowing enough money to pay their own bills. What this bail out does
is ask people in places like Italy and Spain that have terrible national debt and deficit problems to lend their government money so they can loan it
to Greece. What this does is pit the people in numerous other European nations against the people of Greece who they are increasingly looking upon
as a bunch of deadbeats.
Greece has no chance of every being able to repay this loan. The people of Europe know this as their governments also have no way to ever pay back
the money they have borrowed. What we are looking at is just a vain attempt to stall the inevitable, government default. At some point Greece is going to
announce they are defaulting on all their debt meaning everyone who is investing in Greek national bonds will be out 50-70% of their money. Many
countries will not be able to handle the loss of that much money and will also default starting with Portugal, then Spain, then Italy and so on up the
Make no mistake, this is happening right now and the only thing uncertain is how the world will respond. This is not the first time events like these
have unfolded in Europe. World War 1 was not called that until after World War 2. Prior to that it was called the Great War and the War to End All Wars.
Knowing now what happened in the 1930s and 40s, the name "War to End All Wars" seems totally ridiculous but if I asked you right now about the chances
of war erupting again in Europe you'd probably just chuckle and call me crazy. When resources get scarce and people are unwilling to change
violence tends to be the standard solution.
The unions with SEIU have set the stage by growing the entitlements worldwide and mobilizing people to resist the change needed to solve the problem.
We need to look to the past to see what the future may bring as history tends to repeat itself as people begin to forget the mistakes of the past. We
can also look to Europe as a way to see into our future. The US has been on a steady road towards the policies and socialism of Europe even as
Europe has been waking up to their mistakes and trying to break free of their socialist slide downward.
It is not to late for America to reverse course and take the steps necessary to not become a future Greece but time is running short. The current
administration is unfortunately running full speed in the wrong direction after decades of only walking that way. We need someone to come along to
put the brakes on all the way to a stop before putting us in full speed reverse.
April 27 - My name is America, and I'm and addict.
April 26 - This time you've been warned.
April 23 - Mutually Assured Economic Destruction
April 22 - The Truth, Does it matter?
April 21 - Name that Mob?
April 20 - Why So Quiet?.
April 19 - The Deadbeat Bubble.
April 16 - Oh no you didn't.
April 15 - The Party of Silence.
April 14 - You've got to be kidding me.
April 13 - Where do we go from here
April 12 - Youth of the Nation
April 9 - Turning the Tables
April 8 - New Age of Discrimination
April 7 - Thank You Kind Stranger
April 6 - The Cost of Compassion
April 5 - Happy Days are Here Again
April 2 - Of Course We Can Do a Better Job
April 1 - The New Normal
March 31 - Take a Deep Breath
March 30 - Metaphors and Blinking Lights