lawgator1
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I take no issue with drawing a VERY rough analogy and saying its a lesson in the need for fiscal discipline. But Greece's debt was much, much worse -- for example as a percentage of GDP -- than ours and they have no viable means to pay it down, whereas with sustained economic growth we do.
My point is that the oversimplifaction of these problems is a hallmark of Beck and his ilk and all they do is drive a certain segment of the population into irrational frenzy or fear. It is irresponsible, although that is probably giving him way too much credit that he even remotely understands that he is wrong.
I take no issue with drawing a VERY rough analogy and saying its a lesson in the need for fiscal discipline. But Greece's debt was much, much worse -- for example as a percentage of GDP -- than ours and they have no viable means to pay it down, whereas with sustained economic growth we do.
My point is that the oversimplifaction of these problems is a hallmark of Beck and his ilk and all they do is drive a certain segment of the population into irrational frenzy or fear. It is irresponsible, although that is probably giving him way too much credit that he even remotely understands that he is wrong.
garbage. if you don't see that we are heading down the same road with our chief socialist i don't know what to tell you.
well its the same concept, you can only borrow against so much, and you can only burden the backbone of American economics, the small business owner so much. its just on a larger scale. Why should my students strive for an "a" when im gonna take from their grade and give it to my "c" students so they are equal?
That even with our current debt we are nowhere close to the situation in Greece? That analogizing the economic problems of a country smaller than Los Angeles to a country 35 times its size and with an entirely different economic system is a fool's errand?
If we are on the brink of economic collapse because of Greece's welfare state mentality, and which accoridng to you kind folks we are emulating at every turn, why is the stock market up 3.7 percent this morning?
talk about a complete non sequitor. who said we are on the brink of an economic collapse? and is it lost to you that the stock market is up BECAUSE the european union and the less socialist countries just bailed out the more socialist countries to the tune of a trillion dolllars? or are wall street bail outs the only one that get your outrage?