Greece: 11 million. Apx. the size of Los Angeles. Assuming the EU is 400 million or so, it is 2% of the EU.
If 2% can take the whole structure down, then what happens when Germany or France hits the economic wall where the businesses can’t support their spendthrift laws?
posted on 02/16/2010 12:01:12 AM PST
(Communism comes to America: 1/20/2009. Keep your powder dry, folks. Sic semper tyrannis)
"Take Social Security, Medicare and other benefits. Add in interest payments on a national debt that now exceeds $12.3 trillion. It all will gobble up 80 percent
of all federal revenues by 2020, government economists project."
What happens when interest rates rise?
posted on 02/16/2010 1:31:50 AM PST
(A government which robs from Peter to pay Paul will always have the support of Paul.)
At least he cut project constelation!!!! That’ll save a ton!
posted on 02/16/2010 1:59:57 AM PST
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