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Wow hard choices. Everyone under the bus or try to save some part of the economy. Must not know there ECONOMICS 101
What does a country do when they spend far more than their income in order to buy votes and make a false state? Thank God that can never happen here.
"Thank God that can never happen here." -- I'm going to guess that was sarcasm because it most definitely can happen here.
I'm sure it was sarcasm, but let's take this one step further to see if it is right or not. I always insist that people who comment put the shoe on the other foot and then take a look at it from that perspective. When you buy new shoes, you always try them on and walk around a bit don't you? So why doesn't someone in congress propose the same solution of a 1% tax on all savings in the USA and mandate that it be used to start paying off our national debt only? I would love to see what that tax would generate and hear your reaction. Now, go ahead, and see how those shoes look on your feet.
This is not a situation of the government having a debt crisis. This because of total incompetence of the banks who need a bailout because of bad deals. How many countries have to suffer because of banks making bad deals and then having others pay for their mistakes? While they get upset because governments demand that they start acting responsibility.
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