USA Is On The Same Slippery Slope As Greece-Wake Up!

THE DOCTOR IS IN
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LAS VEGAS- Hello America, and how is the world treating you?


Today the Dow took a 1000 point plunge but finally leveled off and suffered a loss of 350 points.It was one of the biggest, if not the largest one day loss in the history of the DOW. Why? One word, GREECE.

Europeans efforts to bail out Greece, a country that has over spent and lied about their actual economic ratings for decades is ongoing. European countries like Germany having to bailout Greece to the tune of at least $145 billion dollars is ridiculous but countries like Germany say it has to be done. Germany's ante up is about $29.5 billion dollars and other countries have to pony up billions too.

The sad part about this situation in Greece is that it should never have occurred but because of Greece and its very lucrative and liberal "public-sector" employees salaries, pensions and bonus and benefits packages it literally bought the country to its knees.

Greece made this disaster, their debt crisis, a global problems with implications that can't be measured as yet. Shame on Greece! They spent more on their "public- sector" that they could have ever expected to afford. After doing that the government actually lied about the situation. For example, last year Greece said that their deficit wasn't 3.7 percent of the gross domestic product as they promised it was. Instead, it was really 12.7 percent. What a lie to the countries of the world.--

Currently the "public-sector" employee wages, pensions, and retirements benefits eat up one-half of the Greek national budget. During the past decade these greedy public-sector employees have seen their pay double. These public-sector employees receive large bonuses, extra time off and they get an extra two months pay for whatever reason they choose to claim it for. Remember, this doesn't even take into account their fat pensions. There have been reports that some pubic-sector employees in Greece who had retired at about age 60, are receiving pension payments higher that the actual salary they were making when they left their job a few years earlier.

I say that when a debt ridden government like Greece Portugal and Spain pay public-sector employees the outrageous salaries, retirement benefits, bonuses and pensions they have been squandering for decades they deserve what they get.

The Greeks actions say a lot as to this "ONE WORLD ORDER that our leaders of the world want. These world leaders introduced the Euro (one currency) for the European community and now when Greece flops around like a dying fish out of water their governments actions effect all of Europe. The Euro dropped by leaps and bounds today putting the entire European community in a downward slide.

I would think that if the Euro was never introduced as "one currency" for all of Europe, it would be much better place today.

When each and every country had their own currency world trade and commerce was sailing along just fine. When each country relied on their own currency there were stable exchange rates and every country in the world adjusted and allowed for the exchange rates. If any country saw troubles on the horizon involving their currency it didn't affect an entire world community. But look at this so-called One World Order. I submit that there is no order in the world right now.

I would like to see each country in the world have their own secure borders and each country should have have their own currency and if and when another sloppy, incompetent government like Greece gets into trouble that they brought on themselves, they should be required to adjust their deficits, budgets and economy accordingly within their own sovereign country.

If Greece and other countries made the decision decades ago to over pay public-sector workers to such a degree that it brought its country to its knees it should be able to use its own government resources to cease such obscene payments and stabilize their country and currency.

The rest of the world shouldn't have to bailout out another country. These bailout actions will only put all countries on a slippery slope to economic devastation. If a country cannot stand on its own two feet that is their problem.

Side Note: If our country continues on the path it is walking right now, we could be another Greece. The USA is currently borrowing from countries like China as if we were a drunken sailor and as to the main problem that brought down Greece, which was obscene "public-sector" wages, retirements, bonuses, and pensions is why we too may be in the same financial and economic abyss.

Examples: Nevada pubic-sector employees are some of the highest paid in the nation, there are cities paying garbage men close to $200,000 a year, commuter rail workers in New York City make an average wage of $120,000 a year and those employees can retire with a full generous, fat cat pension at only 55 years old.

I would say that there are many states and localities here in the USA that are on the brink of bankruptcy only because of the obscene public-sector salaries, bonuses, retirement benefits and pensions. Their powerful unions set up contracts, in private, behind closed doors in collusion with lawmakers who allow these public-sector employees receive, annual step increases, annual cost of living increases ranging from 4 to 9 percent and manipulated retirement and pension benefits. And yes, like Greek pensioners some of these public-sector retirees in our cities and states after a few years off of the job are actually making more that they had been making in salary on their job. That shouldn't be!

Another example is the cash strapped state of California. They gave away the store to pubic-sector employees for decades "and continue" to do so. Now look where they are at! California is on the verge of bankruptcy.

California is whining to the Feds for a bailout for their state so that they can continue their large, bloated payouts to these greedy pubic employees. It appears the governor of California and/or the state lawmakers have no fortitude to reduce and stop the leeching of taxpayer money in favor of the public employees of the state. California wouldn't need additional money from the Feds if they would take control of their own budget and say "no" to the public employee demands. Instead, the Governor and state lawmakers continue to throw good money after bad.

People, public-sector employees in California like the teachers and corrections officers are the highest paid workers in the entire United States. These union groups gorge on these fat, lucrative,guaranteed wage,retirement and pension benefits like a vampire would gorge on a human.

We could be another Greece in the near future if our lawmakers does not start revising public-sector union contracts in most every city, county and state in the nation. The lawmakers have to immediately take steps:

*Set up reasonable starting wages with only two or three step increases over the years of employment for that public-sector worker.

* Let the Public-Sector employee retire at 65 years of age instead of of 55 years of age.

* Eliminate all annual cost of living increases (COLA's). The step increases should be more than sufficient. People working in the private sector cannot depend on annual cost of living increases.

* Revise any and all retirement/pension plans for all pubic-sector employees requiring them to go into a (401k) retirement plan like all those people who work in the private sector.

The government(s) Federal State, County and Municipal- have to bring wages, benefits and pension for all pubic-sector employees in line with what people in the private sector receive. No more, no less.

I suggest that if our government lawmakers take these few suggestions outlined herein and put them into action it would resurrect many ailing states and localities around the nation and put them back on the road to success and prosperity.-And, that's my opinion. People, draw your own conclusions. You decide.

Bradley W. Kuhns, Ph.D., O.M.D.
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Dr. Kuhns can be reached by e-mail at:
bradleykuhns@gmail.com