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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (856621)5/13/2015 7:04:14 PM
From: tejek  Read Replies (1) of 1573943
 
I guess you never really bothered to read about Greece and its failings. If you had, you wouldn't have made such a silly comparison.
Greece is an extreme example, but the similarities between it and the path we're taking here in America are striking.

You don't know what you are talking about. Any economic system......whether it be one that is socialistic or the freest of markets......if corrupt......will fail ultimately. That was Greece's problem.......it was corrupted. Meanwhile Germany's economic system.....one that would make Rs cringe and prompt them to call a nanny state..........is one of the best economies in the world and exports more goods to the rest of the world than the US. Plus the average German has a much better life than the average American. Rs have been feeding Americans a crock of BS for decades now. Why? Because it serves their wallets and not because its best for the average American.

Think about why the federal deficit is still half a trillion dollars a year, even as unemployment hits 5.3% and stock valuations continue to be sky-high. Even real estate is making huge gains this year.

The deficit hasn't gone down because the country isn't generating surpluses to pay off the deficit. Why is that? Any time there is an improvement in revenues, Rs want to cut back on taxes while gov't expenses remain static. Rs aren't serious about reducing the deficit. They just don't want to pay any taxes period.......and without surplus revenues you can't reduce the deficit.

The Fed continues to keep interest rates at historic lows, and there is no sound plan to raise them. By the time the next recession hits, the Fed will be completely out of ammo.

THEN what say you, Paul Krugman, and Steve Benen? Blame it on the Republicans, as usual? LOL, if only you could take such partisanship to the bank.

Well before the next recession we will see interest rates go up because of inflation.
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