"These losses were real and had to be financed, whether they were included in the deficit or not," she says.
To be fair to the Commander-of-3D-Printer-Hubs, his minions didn't actually arrest anyone from S&P. They just threatened to do it. They haven't arrested anyone from Gallup yet either. For now they're just suing S&P.
But when the Obamathon spending hits Greek levels, then all those Federal SWAT teams will sure come in handy.
He was hired to bring Greece's debt statistics in line with European norms. Now, chief statistician Andreas Georgiou faces jail time for allegedly producing inflated budget deficit numbers. He says he was merely being honest, and he has plenty of support in Europe.
The hour was late, but Andreas Georgiou was still at his office last Friday evening. He sounded calm and poised, certain that he had done his duty. But Georgiou, 53, also sounded dumbfounded. "It strikes me as odd," he says, "that we are being prosecuted in a European Union member state for actually following European law."
Ah, but the law no longer matters. Only that the Socialist trains must go forward. And we are talking about literal trains here.
Xafa says that all Georgiou did when he took over as head of the Greek statistical service was to comply with EU rules. She notes that nearly half of the revisions undertaken under Georgiou's watch were the result of adding loss-making entities such as rail, public transport, defense and other sectors to the government books. "These losses were real and had to be financed, whether they were included in the deficit" or not," she says.
In Greece, questioning the kind of budget gimmicks that Obama Inc. makes use of all the time is a dangerous thing. But it's getting to be a dangerous thing in the United States as well.
The deficit is real, but Barack Hussein Obama and his cronies pretend it's not. They pretend that the national debt is really a creator of economic growth. They pretend that the deficit problem has been solved. They're liars and they're beginning to go after experts and agencies who have called them on their lies.