What's responsible for the situation in Greece? Government.

What's responsible for the situation in Greece? Government.

The average government job pays almost three times the average private-sector job. Eventually things were so out of hand, they limited the monthly salary of government employees. To get around that the Greek government would simply invent a 13th and 14th month. They were inventing months.

Boomerang by Michael Lewis outlines the situation better than any book I've read on the financial crisis. It's well worth your time. Some highlights:

--In 12 years public sector wages doubled.

--Their Amtrak has revenues of 100m Euros. They spend 4 times that just on wages, along with another 3 times revenue in other expenses.

--There's a great quote from businessman/minister of finance Stefanos Manos noting it would be cheaper to put all Greece’s rail passengers into taxicabs: it’s still true.

--Their education system employs 4 times as many teachers as Finland. Finland is 1st, Greece is near the bottom.

--The retirement age for Greek jobs classified as arduous as low as 50. What is an arduous job? There's more than 600 of them like "hairdressers, radio announcers, waiters, musicians, and on and on and on." (Authors note: radio announcer is really arduous.)

--I love this one: “The Ministry of Agriculture had created had created an off the books unit employing 270 people to digitize the photographs of Greek public lands,” the finance minister tells me. “The trouble was that none of the 270 people had any experience with digital photography."

-- "a projected deficit of roughly 7 billion euros was actually more than 30 billion. The natural question-how is this possible?-is easily answered: until that moment, no one had bothered to count it all up. 'We had no congressional budget office,' explains the finance minister. 'There was no independent statistical service.' The party in power simply gins up whatever numbers it likes, for it’s own purposes.”

It's a striking story, but is it really that different than us? Yes, Greece is further down the road-- but we can see the tail lights.

USA Today, WSJ, and the NY Post have noticed plenty of simularities:

-"Including the amount owed to Social Security, the U.S. Treasury is $18.2 trillion in hock. That puts the United States, along with Greece, in the select group of nations with debts exceeding 100% of annual economic output." 

We're at 101%, Greece is at 177%. But our number is worse than France or Spain.

-"Like Greece, the driving force behind our debt is the growing cost of entitlement programs for health care and retirement. If one includes future unfunded liabilities for Social Security and Medicare, our real debt exceeds $90 trillion. That’s more than five times our GDP. Greece is still in worse shape — their unfunded liabilities top 875% of GDP — but we’re gaining."

-"Our government is far smaller than Greece’s today. Federal spending is just 20.5% of GDP. But, according to the Congressional Budget Office’s alternative fiscal scenario, that could rise to almost 34% by mid-century. Factoring in state and local government spending, which already accounts for roughly 14.4% of GDP, total government expenditure in the US could reach 48% to 50% in 2050, roughly Greek levels."

A lot of people mocked Greece for being in their situation and electing a leftist leader while rejecting austerity.

But, didn't we do the same thing in 2012?

What's responsible for the situation in Greece? Government. The average government job pays almost three times the...

Posted by Stu Burguiere on Tuesday, July 7, 2015

Featured image: ATHENS, GREECE - JULY 07: A senior citizen leans against the door of a closed bank as he queues up to collect his pension outside a National Bank of Greece branch in Kotzia Square on July 7, 2015 in Athens, Greece. Greek Prime Minister Alexis Tsipras is working on new debt crisis proposals and is due to present them at a Eurozone emergency summit today. (Photo by Christopher Furlong/Getty Images)

Bill O'Reilly: Adam Schiff is in 'wonderland' during the Senate impeachment trial

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On the "Glenn Beck Radio Program" Friday, Bill O'Reilly gave his latest take on the Senate impeachment trial of President Donald Trump, and explained why he thinks House Intelligence Committee Chairman Adam Schiff (D-Calif.) is like "Alice in Wonderland."

Watch the video below to catch more of the conversation:

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Sen. Ted Cruz (R-Texas) joined Glenn Beck on the radio program Friday to discuss the latest developments in the Senate impeachment trial of President Donald Trump.

According to Cruz, Thursday was a "very consequential day" in the otherwise tedious and redundant impeachment proceedings.

"Yesterday, the House managers effectively threw Joe Biden under the bus," Cruz said. "They doubled down on what they started doing on the first day of arguments, which was making their entire case ... based on the proposition that there was zero evidence to justify investigating Burisma [the Ukrainian natural gas company that paid then-Vice President Joe Biden's son, Hunter, $50,000 a month to sit on the board]."

Cruz went on to explain that every time the Democrats, namely House Intelligence Committee Chairman Adam Schiff (D-Calif.), rehash the "zero-evidence" argument, they open the door for Republicans to present the overwhelming evidence that contradicts those claims.

"That proposition, that there's zero evidence to investigate Burisma, is utterly and completely absurd. So, I'm looking forward to Saturday when the president's lawyers will begin presenting his case. Because what the Democrats have done, is they have opened the door to this. And I hope the president's lawyers will stand up and systematically lay out the case," Cruz said.

"They've been arguing that Hunter Biden is completely irrelevant to this case. Well, the House managers have now, through their arguments, made Hunter Biden not only relevant — he was always relevant — but critical now," he continued. "They built the entire case, like a house of cards, on the proposition that there was no reasonable basis to investigate Burisma. And that's just absurd."

The two also discussed Cruz's new podcast, "Verdict with Ted Cruz," which he records with Daily Wire host Michael Knowles each night following the Senate trial.

"Last night's podcast went through systematically ... all of the overwhelming evidence of corruption from Burisma that any president, not only had the authority to investigate, but the responsibility to investigate," Cruz said. "And that, ultimately, is why President Trump is going to be acquitted at the end of this process."

Watch the video below for more details:

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The violent crime rate in the United States has continued to decline every year since 1991 and last year the violent crime rate nationwide was down another 3% from the previous year.

Unfortunately for the people living in Minnesota's 5th Congressional District, represented by Ilhan Omar (D), this trend toward a safer and more secure America does not apply in Minneapolis. In fact, Minneapolis police report a 53% increase in robberies since the controversial congresswoman took office in January 2019.

Minneapolis has also become the terrorist recruitment capital of the U.S. More people in Rep. Omar's district have either joined or attempted to join terrorist organizations, including Al Qaeda, al-Shabab, and ISIS, than any other place in the nation.

So, how is Rep. Omar addressing these issues? Is it just a coincidence that Minneapolis' representative in Congress is known for sowing division and hatred?

Watch this clip to hear Glenn break down the situation in Rep. Omar's district:

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Glenn Beck: Adam Schiff is a LIAR — and we have the proof

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On the radio program Wednesday, Glenn Beck didn't hold back when discussing the latest in a long list of lies issued by House Intelligence Committee Chairman Adam Schiff (D-Calif.) during the Democrats' ongoing endeavor to remove President Donald Trump from office.

"I'm going to just come out and say, Adam Schiff is a liar. And he intentionally lied. And we have the proof. The media being his little lapdog, but I'll explain what's really going on, and call the man a liar to his face," Glenn asserted. "No, I'm not suggesting he's a liar. No, I'm telling you, he's a liar. ... Adam Schiff is a lying dirtbag."

A recent report in Politico claimed Schiff "mischaracterized" the content of a document sent to House Judiciary Chairman Jerry Nadler (D-N.Y.) as evidence against President Trump in the Senate impeachment trial. Read more on this here.

"Let me translate [for Politico]," Glenn said. "House Intelligence Chairman Adam Schiff lied about a text message exchange between two players in the Ukrainian saga. And we know it, because of the documents that were obtained by Politico."

A few of the other lies on Schiff's list include his repeated false claims that there was "significant evidence of collusion" between the Trump campaign and Russia leading up to the 2016 presidential election, his phony version of President Trump's phone call with the president of Ukraine, and his retracted claim that neither he nor his committee ever had contact with the Trump-Ukraine whistleblower. And the list just keeps getting longer.

Watch the video below for more details:

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