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Europe, like the US uses a privately held central bank. they make fortunes off the countries and basically enslave the nation with debt. It isn't a liberal / conservative issue but one based on greed.
Want the real answer... then you have it... want something you can blame on the liberals then keep watching Faux for the made up "truth"
Europe, like the US uses a privately held central bank. they make fortunes off the countries and basically enslave the nation with debt. It isn't a liberal / conservative issue but one based on greed.
Want the real answer... then you have it... want something you can blame on the liberals then keep watching Faux for the made up "truth"
it's a spending issue. where does the gov. go when it runs out of revenues? most likely to the FED. Who buys the FED's bonds? Now its China with all that american dough they are sitting on. Like I said before, any country will fail if it spends itself to death.
ATHENS, Greece (AP) — Greece's embattled Socialist government was on the point of imploding Thursday as a revolt against Prime Minister George Papandreou's planned referendum on the country's hard-won international bailout package gathered pace.
There is little dispute they are socialist. Of course, saying they are not is a nice sidestep and deflection/denial of the issue.
Try to address WHY you want the US to be more like the EU, which is on the verge of total collapse.
Any country will fail if it spends more than it makes. This isnt rocket science. Resorting to borrowing is not inherently bad. But accumulating debt that cant be paid back IS bad. This is why Greece is failing. This is why we will ultimatly fail.
Borrowing also requires a lender that is willing to make loans. That would be the French and German banks and financial institutions in this case -- for-profit banks, that is.
ATHENS, Greece (AP) — Greece's embattled Socialist government was on the point of imploding Thursday as a revolt against Prime Minister George Papandreou's planned referendum on the country's hard-won international bailout package gathered pace.
There is little dispute they are socialist. Of course, saying they are not is a nice sidestep and deflection/denial of the issue.
Try to address WHY you want the US to be more like the EU, which is on the verge of total collapse.
I mean, why don't you guys know even this simple basic fact?
Greece by itself wasn't causing any problems. Greece once it entered the European Union and had access to more borrowing capital than it really should have had, has become a major problem. It's also the European banks (very much for-profit) that lent them the money, and now they're going to the taxpayer for a handout.
This is not a crisis of socialism; this is a crisis of capitalism. You have it completely backwards.
Greece by itself wasn't causing any problems. Greece once it entered the European Union and had access to more borrowing capital than it really should have had, has become a major problem. It's also the European banks (very much for-profit) that lent them the money, and now they're going to the taxpayer for a handout.
This is not a crisis of socialism; this is a crisis of capitalism. You have it completely backwards.
Absolute hogwash.
Greece is crumbling under the nanny state it's created. The promises of cradle to grave "care" by the state for the population.
They can't afford the promises they've guaranteed.
Fun fact: Portugal, Italy, Greece, Spain, UK and Ireland has something in common. They all followed the USAs economic policies of unregulated banking, low social security and welfare, as well as low or no minimum wages.
Coincidentally, they've ended up with exactly the same problems as the USA: Runaway debts, unemployment, housing bubbles etc. What a coincidence, right?
Meanwhile, countries like Germany, Norway, Netherlands, Sweden, Switzerland, Denmark etc, have run tightly regulated banking sectors, large welfare schemes, high wages, etc...and they tend to be doing quite well.
The actual problem with the OP is that the "failing" countires have copied US policies and ended up with the US problems.
don't explain true facts to the OP otherwise his right wing talk radio head will explode! I'm always amazed how dumb some conservatives can be thinking that Europe is all "Socialist"!
Just because a party calls itself "Socialist" doesn't mean it really supports socialist policies. Greece's "Socialist" party is not socialist. It's just a name.
Just because a party calls itself "Socialist" doesn't mean it really supports socialist policies. Greece's "Socialist" party is not socialist. It's just a name.
Right. Of all the names available, they just happen to pick that one.
They are indeed socialist, no doubt at all. Read up on it.
The liberals are clueless. Keep in mind that their champion of Keynesian economics, Stiglitz, was noting Greece, Italy, Portugal, and Spain as the examples of the "shining success" of Keynesian economic principles.
Keynesian economics is not socialist. True socialism calls for a centrally planned economy, while Keynesians support a mixed market economy with some government regulations.
Keynesian economics is better than pure neoliberal laissez-faire capitalism, but neither is as optimal or just as a centrally planned economy, which, in my opinion, is the best way to distribute wealth among a nation's population. A planned economy can design market failure out of the system, and as long as it is managed by non-corrupt planners, can increase wealth for the poor, guarantee full employment, and produce a rising standard of living for all (minus the very wealthy).
Capitalism's day has come and gone . . . we need to move forward.
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