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Politics : View from the Center and Left

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To: Steve Lokness who wrote (155265)	1/29/2011 2:03:46 PM
From: Mary Cluney	Read Replies (1) of 541637

<<<Some trends we see over and over; high debt of Egypt government, need for more oil and unease between those who have and those who don't.>>> Generally speaking, debt is not the primary problem. Poor people do not go into debt. They have no assets. Banks will not lend to them. If banks do lend to people who can't repay their loans, then it is all the fault of the bank. The banks will just have to deal with it. The major problem in the world is the relative disparity between the rich and the poor. When you are making less than $2 a day, you don't have that much debt that you have to worry about.

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