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)

There are new curriculum standards being implemented into schools throughout the nation for health classes that not only go far beyond what's appropriate for young children, but are entrenched in clear political biases, too. Under the standards, third-graders are taught about hormone blockers and endless gender identities, and topics get shockingly graphic for kids as young as 11. Some schools are even teaching their teachers and kids to ignore what parents have to say about these topics. And the worst part may be that many parents are completely unaware what their children are being taught.

Tina Descovich, co-founder of Moms for Liberty, joined "The Glenn Beck Program" to explain exactly what you can ask at your next school board meeting to ensure this "horrifying" curriculum isn't being taught in your kid's school.

Watch the video clip below:

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It should come as no surprise that a newsworthy story receives more media coverage when released on a Monday than a Friday. The reason is in part due to a large number of news-consuming Americans checking out for the week to focus on their weekend plans rather than the news.

On Monday's radio program, Glenn Beck shared information that President Joe Biden decided to release on Friday — when fewer people would notice — regarding the Climate Finance report. This report is marketed to Americans as "A Roadmap To Build a Climate-Resilient Economy." But Glenn believes the report to be Biden's Great Reset warning shot to banks.

In this clip, Glenn warned that if Americans don't stand together, in eight years we all indeed will own nothing. Watch the clip for the full story. Can't watch? Download the podcast here.



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On today's radio program, Glenn Beck was joined by Bill O'Reilly to discuss the top stories of the week.

For O'Reilly, the biggest story this week centered around someone mysteriously missing from mainstream media news reports today: Mark Zuckerberg. Specifically, O'Reilly said it's the 'scandalous' way the Facebook CEO spent nearly $420 million to influence the 2020 election — and did so successfully.

Watch the clip to hear the full conversation. Can't watch? Download the podcast here.

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On Thursday's radio program, Grace Smith and her father, Andy, joined Glenn Beck on the phone and provided a first-hand account of Grace's refusal to wear a mask at school.

Smith, 16, began a maskless protest after her school district in Laramie, Wyoming, decided to implement a mask mandate. As a result, Grace received three suspensions, was issued two $500-citations, and was eventually arrested.

"How long were you in jail?" Glenn asked.

Grace said was taken to jail but was never booked nor was she was placed in a jail cell.

Glenn commended Grace's father, Andy, for raising such a "great citizen" and asked if it was Grace's idea to protest. Andy said it was Grace's idea, explaining that they took the position of arguing on the grounds of civil rights rather than the efficacy of wearing a mask.

Grace has since withdrawn from public school and started a home school program. She also told Glenn that she will continue to fight the school district, legally.

You can donate to Grace's legal fund here.

To hear more from this conversation click here.

Disclaimer: The content of this clip does not provide medical advice. Please seek the advice of local health officials for any COVID-19 and/or COVID vaccine related questions & concerns.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.