Germany to take over Greek budget

February 1, 2012 05:09

To bail out Greece Germany is demanding veto power over Greece’s budget. Greece is the result of a socialist welfare state that is the model for the “redistributive” ideology of Barack Obama. Greece is where the US is headed if we continue to keep our heads in the sand about the consequences of a debt that is greater the our entire Gross Domestic Product.

Associate Editor of Reason Magazine Peter Suderman appeared on Freedom Watch with Judge Napolitano to discuss Greece’s financial meltdown and its subsequent resistance to any austerity measures other EU members want to impose upon it. He also discussed the collapse of financial firm MF Global and whether or not more regulatory enforcement is necessary.

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