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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (871499)	7/9/2015 3:00:34 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1574122

CJ, So no, the US is not on the road to a Greece style melt-down. Other countries might be, however. Spain, Italy, and some other members of the Euro come to mind. The problem with socialism is that eventually you always run out of other people's money. Just because the US has more accesses to said money only postpones the inevitable. Tenchusatsu

To: combjelly who wrote (871499)	7/9/2015 4:24:10 PM
From: Sdgla	3 Recommendations Recommended By FJB i-node Tenchusatsu Respond to of 1574122

What happens when interest rates tick up a few points jelly ? What does our $18 Trillion debt turn into ?

To: combjelly who wrote (871499)	7/9/2015 4:25:53 PM
From: jlallen	1 Recommendation Recommended By FJB Respond to of 1574122

So no, the US is not on the road to a Greece style melt-down. Nonsense, Weiner boy....debt to GDP is already in excess of 100% in the US and shows no sign of that trend slowing....

To: combjelly who wrote (871499)	7/9/2015 4:51:28 PM
From: i-node	Read Replies (1) \| Respond to of 1574122

You're making the same mistake the people in Greece made, which was not considering unfunded obligations as debts, which they most assuredly are. And that's the same mistake the rest of EU is making, and the same mistake almost every person in the U.S. makes. And it is why the people in Greece felt justified in voting to do nothing. To them, they're owed the money. And they will never comprehend that the money is gone because they will never have a proper accounting.