Why the United States Is Not Greece or Italy -- and Shouldn't Act Like It

Discussion in 'Politics' started by Flaylo, Nov 16, 2011.

  1. Flaylo
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    Flaylo Handsome Devil

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    Robert Creamer: Why the United States Is Not Greece or Italy -- and Shouldn't Act Like It



    So much for the myth put out by dumb Repugs that socialism caused the financial problems of Greece and Italy.
     
  2. skookerasbil
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    skookerasbil Gold Member

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    gay..............

    Does this meathead not win the award on this forum for posting up links from uber-left websites like The Huffington Post?

    [​IMG]
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Background on the Greek economy and its health care system...
    :eusa_shifty:
    Euro crisis: Why Greece is the sick man of Europe
    19 December 2011 - It is Greece's most marginalised who are being hardest hit by the slowdown
     
  4. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny sellin' off her Grecian urn stock, gonna put it in Halliburton...
    :eusa_eh:
    Greece Likely to Need Another $20 Billion to Cut Debt
    February 02, 2012 - Financial experts are concluding that Greece may need another $20 billion cash infusion even if it eventually completes contentious negotiations with its private creditors to cut in half the money it owes them.
     
  5. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    There are several reasons why we shouldnt act like Italy and Greece. There are differences:

    1) We don't have anyone to bail us out.
    2) Our debt is far worse
    3) We still have people willing to fight to cut spending here.
     
  6. editec
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    editec Mr. Forgot-it-All

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    The US treasury and FED are propping up European banks and nations right now.
     
  7. California Girl
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    California Girl BANNED

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    It's funny when people quote an OpEd and present it as fact. It's called an OpEd for a reason... the reason being.... it's a fucking Opinion, it's not fact.

    Another fail by Fail&Won'tGo.
     
  8. 1_Old_Man
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    1_Old_Man Member

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    When I'm given the choice between believing Paul Krugman, a Nobel Prize winning PhD in Economics and some yahoos on an internet site I'll take Professor Krugman's view as representing economic reality every time over the right-wing yahoos. So I want to thank the original poster for providing us with this useful information, it helps give insight for those who will read and pay attention and if the yahoos don't get it, well, so what?
     
    • Thank You! Thank You! x 1
  9. Seawytch
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    Seawytch Information isnt Advocacy

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    An Op Ed that nobody has bothered to counter with any facts to the contrary. I'd call THAT the "fail".
     
  10. Oldstyle
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    Oldstyle Gold Member

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    So let me see if I understand the "reasoning" here...

    We're not headed down the same path as Greece and Italy because people are still willing to buy our debt? That's Krugman's brilliant analysis? Gee, Paul...are people putting their money into US bonds because we're so strong and doing the right things economically...or because the alternatives are so God awful bad? The reason Greece is paying 7% is because nobody wants to risk their money in a country that will most likely default on it's loans. Instead they are putting their money into US bonds which is holding the interest rate we pay at a lower rate. To say that we are somehow "different" than Greece because people are still seeing us as a less risky choice than some really bad choices is idiotic. If we don't get our fiscal house in order than we will become Greece with the difference being there won't be anyone around big enough to bail us out.
     

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