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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (27211)	1/9/2003 1:56:34 AM
From: elmatador	Respond to of 74559

HK is doing it the right way. No money? Sack the civil "servants"! Still no money? Cut their pay. Fact is people can't afford their governments anymore. But Governments are the most difficult thing to deflate. Look to: Argentina, has 400.000 redundant employees in the payroll. Went bankrupt but sacked none. Brazil is owing the underwear but don't sack the ticks. Germany 3 million threatening to strike since the government has to cut them down not to break the 3% public deficit commitment. UK civil servants were on strike France civil servants threatened to on strike The US? Is the next just look to those civil servants in uniform a.k.a military :-)