Nope, all the bailout did was slap a band aid on the problem to delay
the inevitable. A lot of economists have said the bailout should not
have occurred. The middle class would have come out fine and rich would
have had a reboot which they SO deserve!
On 07/05/2015 05:05 PM, jr_...@yahoo.com [FairfieldLife] wrote:
The world would have fallen into an economic depression without the
bailout back then. If our national debt problem is not solved, the US
could be in the same situation as Greece. Our current presidential
candidates should address this problem. So far, nobody has come up
with a viable solution.
Rand Paul has proposed a tax reduction plan. But this would only
increase the debt problem if nothing else is done. The obvious
followup is to reduce government spending to fit the government
income. This would mean that many government programs will have to be
cut off. For obvious reasons, it would not be the military.
---In FairfieldLife@yahoogroups.com, <noozguru@...> wrote :
Good for Greece. Time for the bankster house of cards to fall. Greece
was okay until it was sold a bunch of derivatives by the fraudsters.
Our congress should not have bailed out the banksters in 2008.
On 07/05/2015 04:18 PM, s3raphita@... <mailto:s3raphita@...>
[FairfieldLife] wrote:
Greece has decisively rejected the austerity package wanted by other
EU members. What this means is unclear to everyone. Greece could be
on its way out of the Eurozone and the fallout for the EU could be a
long-term recession. It will end in tears whatever.
Greece owes $330 billion. There are only 11 million Greeks!
One article discussing the crisis mentioned that Britain once
defaulted on its debt to the USA. I'd never heard of that one but it
turns out that in 1934 Britain defaulted on war debts to the USA
worth about $350 billion in today’s money. So virtually the same
amount! Most people think we have paid the debt off, but we haven’t.
So if you Yanks are short of cash you know where to look.
