A thread of support for the Greek 99%

[FairWinds]

65. Go Manny and the Greek 99% . . BUT

As I wrote on another thread, Greece needs to seriously deal with its military spending.

This is from a recent LA Times . .

"Yet despite the [military] cuts, Greece continues to spend the largest per capita amount for defense of any nation in the European Union. According to the independent Stockholm International Peace Research Institute, Greece's military spending in 2011 equaled 2.1% of its gross domestic product, compared with the EU average of less than 1.6%.
If successive governments in Athens had spent less than 1.6% over the last 20 years, economists say, Greece could have saved a total of 52% of its GDP, sparing Greeks from international bailouts and grueling austerity."

Of course, it's the same in the US, where we too are being bankrupted by obscene military spending, which, using non-phony accounting is close to an unustainable $ 1.2 trillion per year.

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