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France, Greece choose suicide over solvency; are we next?
BizPacReview.com ^ | May 11, 2012 | Michael Dorstewitz

Posted on 05/11/2012 6:16:08 AM PDT by cap10mike

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To: EGPWS

LOL! I’m sure Margaret Thatcher is chuckling over this one.


21 posted on 05/11/2012 10:12:08 AM PDT by cap10mike (Free market)
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To: SampleMan

Good point! And assuming we can get him out of office, we’re gonna be spending decades trying to get things back the way they should.


22 posted on 05/11/2012 10:14:56 AM PDT by cap10mike (Free market)
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To: Dr. Ursus

Bwahaha! I couldn’t say; it’s all Greek to me!


23 posted on 05/11/2012 10:16:47 AM PDT by cap10mike (Free market)
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To: varmintman

Even John Maynard Keynes said “government stimulus spending” had very limited application.


24 posted on 05/11/2012 10:19:19 AM PDT by cap10mike (Free market)
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To: Georgia Girl 2

I have to agree with you here. Witness how Paul Ryan is so criticized for his plans to save Social Security and Medicare.


25 posted on 05/11/2012 10:22:36 AM PDT by cap10mike (Free market)
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To: Jim Noble

I submit that it results in both the banks’ and the country’s suicide. When we don’t pay our debts, the dollar suddenly loses its worth, just as if we had paid the debts off with newly-printed money.


26 posted on 05/11/2012 10:26:36 AM PDT by cap10mike (Free market)
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To: WILLIALAL

Good point.


27 posted on 05/11/2012 10:28:23 AM PDT by cap10mike (Free market)
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To: vikingd00d

No word for “warrior?” Sacre bleu!


28 posted on 05/11/2012 10:30:22 AM PDT by cap10mike (Free market)
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To: cap10mike

Its very curious, but its quite usual for “disciples to go further than their master”. I mean that economists that call themselves “keynesian” are far greater devotees of keynesian economics than John Maynard Keynes was himself! This happens in other spheres of life. Many Calvinists are far more extreme than Calvin ever was.


29 posted on 05/11/2012 10:42:46 AM PDT by Vanders9
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To: varmintman

I don’t understand that article at all. It sounds like total double-speak. Even if you accept that deficit spending in itself was not the cause of the current crisis, it can hardly be a good thing to have in the long term.


30 posted on 05/11/2012 10:45:37 AM PDT by Vanders9
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To: Owl558
Two.

Why?

31 posted on 05/11/2012 12:04:06 PM PDT by Savage Beast ("You can, in fact must, shout fire in a crowded theatre. It just has to be the truth. " J. Goldberg)
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To: cap10mike

The author gets the PIGS thing wrong. First it was Portugal, Ireland, Italy, Greese, Spain yielding PIIGS. Now to quote Ichabod1 quoting uh, Ichabod1, it is Portugal, FRANCE, Ireland, Italy, Greece, and Spain, for PFIIGS. PFIIGS. That’s what it is.


32 posted on 05/11/2012 12:07:53 PM PDT by ichabod1 (Cheney/Rumsfeld 2012)
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To: cap10mike

He also said In the long run we’re all dead.


33 posted on 05/11/2012 12:11:27 PM PDT by ichabod1 (Cheney/Rumsfeld 2012)
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To: Savage Beast

Why - Demographics. I have 2 kids as well.

As you rightly point out, Europe is in a demographic death-spiral because they aren’t having kids. You need to have at least 3 kids for your population to grow. I was just curious how many you had. For you and I with 2 kids each, the population is holding steady, but not growing.


34 posted on 05/11/2012 2:20:13 PM PDT by Owl558 ("Those who remember George Satayana are doomed to repeat him")
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To: Owl558
It was a mistake for me to have only two. If I had it to do over I would have at least three or four. I am a self-made man. I was very poor when I was growing up. My father died when I was 14 years old. I was and still am phobic about poverty. I made lots of money, but I was always afraid that I couldn't take care of as many children as I would like to have had. In retrospect I could have done so easily.

In the generations before our grandparents, it was commonplace for people to have 5 or 10 or more children.

35 posted on 05/11/2012 5:41:43 PM PDT by Savage Beast ("You can, in fact must, shout fire in a crowded theatre. It just has to be the truth. " J. Goldberg)
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To: Owl558
As someone observed here on FR a while back, the people of the West have aborted, birth controlled, and homosexualized themselves into oblivion.

I suspect that the decadent Western Leftists' Islamophilia may be a subconscious desire for the absolutes that Islam promises.

36 posted on 05/11/2012 5:47:13 PM PDT by Savage Beast ("You can, in fact must, shout fire in a crowded theatre. It just has to be the truth. " J. Goldberg)
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To: Dead Corpse
Kinda makes you wonder if the whole planet has wandered into some kind of “stupid zone” in the Universe.

Maybe we should name our planet Htrae, that's where Bizarro in the Superman comics came from. B-P
37 posted on 05/11/2012 7:40:10 PM PDT by Nowhere Man (General James Mattoon Scott, where are you when we need you? We need a regime change.)
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To: Jim Noble

I also agree, I think the only thing we can do is just default and bankruptcy and rebuild from there, that’s how far out of control we are. I know some brought up dire consequences in doing this but IMHO, we are past the point of no return, the red fuel light in the cockpit came on and we just have to fly on to our destination.


38 posted on 05/11/2012 7:46:17 PM PDT by Nowhere Man (General James Mattoon Scott, where are you when we need you? We need a regime change.)
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