Authored by Simon Black via SovereignMan.com,
In the late 1760s and early 1770s, the government of France was in a deep panic.
They had recently suffered a disastrous and costly defeat in the Seven Years War, and the national budget was a complete mess.
France had spent most of the previous century as the world’s dominant superpower, and the government budget reflected that status.
Appearing on Meet the Press earlier this morning with the always condescending, well at least if he's interviewing a Republican guest, Chuck Todd, the Director of the Office of Management and Budget, Mick Mulvaney, said there's no hope of achieving a balanced budget this year. Of course, that should hardly come as a surprise to almost anyone other than the suddenly fiscally conservative Chuck Todd.
Update: echoing comments made by Senator Lindsey Graham, a South Carolina Republican who serves on the Senate Foreign Relations Committee, the top House Democrat said that the Trump budget proposal is "dead on arrival."
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It is not a secret and it is not new that public hospitals in Greece collapsed. As Keep TalkingGreece.com notes, the first budget cuts imposed with the first bailout agreement affected the public health. Seven years later, the situation goes from bad to worse in fast speed. The austerity freezing of hiring (1:7) ended up in severe shortages in medical and paramedical personnel. The sharp expenditure cuts deprive hospitals of spare parts and essential material.