Oh, the irony. The New York Times reported this last week. Part of the reform package for Greece is getting the government out of business, including the business of health care.
Another reform high on the list is removing the state from the marketplace in crucial sectors like health care, transportation and energy and allowing private investment. Economists say that the liberalization of trucking routes — where a trucking license can cost up to $90,000 — and the health care industry would help bring down prices in these areas, which are among the highest in Europe.
I heard that President Obama praised the Greek rescue efforts, so does that mean he endorses ending government health care?It’s also ironic that they’re advocating getting the government out of the energy sector while our government is trying to take it over. And of course, the Greeks will be hit with big tax hikes. It kind of sounds like our future.
Also, it looks like the US will be on the hook for more than we thought with this bailout. I’ll have more on that later.
Update: The Federal Reserve is backing the billion dollar Greece bailout. What could go wrong?
AP: The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent.
Other central banks, including the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank and the Bank of Japan also are involved in the dollar swap effort.
I guess the Fed’s cranking up the printing presses again. This makes me nervous. Judge Andrew Napolitano talked to Ron Paul today about this on Freedom Watch. I don’t agree with everything Ron Paul says, but on this I have to agree that someone should take a look at the Fed’s books. How do we know these dollar swap deals are going to protect our interests? How much of our money is at stake?