Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Rolla Coasta who wrote (40394)	9/26/2008 2:08:53 AM
From: elmatador	Respond to of 218176

What was Argentina. The provincial governments didn't want to rein in their spending. The government could not persuade them to cut spending. It came a time there was no mor emoney and hard decisions needed to be taken. There were two options: 1) Face the problem. Murphy wanted this option one and cut government spending, sack redundant civil servants and paying for the costs of the government funded universities, 2) Muddle through. Cavallo wanted this one and they defaulted. They still have to solve the problem, becaise muddling through only delay the pain. In the case of the US the real causes underlying the debalce are not being discussed.