Steve
2015-06-29 20:12:11 UTC
On Mon, 29 Jun 2015 13:02:12 -0700 (PDT), trainguard
By the way, have you given your own country's debt any thought? Of course you haven't!
Does your head ever hurt?
Dr. Barry Worthington
<LOL> Greece's failure says everything you need to know about
socialism...
--
Should we feel bad for the leftists who, after seeing one of their
own become the President, discover that he is an incompetent,
nutless coward just like themselves?
On Mon, 29 Jun 2015 11:26:07 -0700 (PDT), trainguard
Europe'. But many people are resigned to that. The opposition has always been from vested financial interests. But the Greek crisis may prove a catalyst. As the bankers shit their pants, the realisation that we cannot continue this way will grow. By the way, Cameron is an irrelevance...a laughing stock.
Dr. Barry Worthington
Dr idiot socialist.
What has socialism to do with the analysis that I outlined?Greece will close banks Monday as panic spreads
http://goo.gl/637k4c
In an ominous sign Sunday that Greece is speeding toward a banking
collapse, Prime Minister Alexis Tsipras announced that Greek banks
will be closed Monday amid last-ditch discussions about his nation's
economic future.
You can't just keep borrowing you need to pay it back.
Liiberal/progressive types never understand that.
The problem with the euro is that it is a currency without a polity. Consequently, it is not directly related to the fiscal and economic policies of the member countries. Consequently, these countries agree to try and keep debt and borrowing within certain limits, but if they cannot, the only alternative is deflation and austerity. The people will suffer. There are two inter-related alternatives. The first is to agree to a common fiscal regime, proposed by the Executive and agreed to by the European Parliament. This implies uniform tax rates, VAT rates, and common spending limits. However, if this still requires cut-backs in member countries, a second policy is required. This would ring fence certain areas of social policy, such as pensions, education, and health. The deficits would be remedied by an EU wide system of fiscal transfers. These policies have been discussed ever since the Euro was introduced. Of course, it would mean closer European integration, and a 'two speedhttp://goo.gl/637k4c
In an ominous sign Sunday that Greece is speeding toward a banking
collapse, Prime Minister Alexis Tsipras announced that Greek banks
will be closed Monday amid last-ditch discussions about his nation's
economic future.
You can't just keep borrowing you need to pay it back.
Liiberal/progressive types never understand that.
You probably won't understand any of this, since you appear, from your comments after cut and pasting, to be a dumb colonial.
Dr. Barry Worthington
Are you going to answer these points? Or will you just dribble out the usual American right wing mantras? We are talking about Greece, but all I see is the usual American preoccupations.Dr. Barry Worthington
Dr. Barry Worthington
What point all I see is your limited opinion
based on socialist values or none.
The fact that you are either too ignorant or too stupid (perhaps Both) to understand the post is not my problem.....based on socialist values or none.
How did they get in such debt? What kind of policies? Why are they
not willing to pay there own way? Sound's like the Dole to me.
Why don't you find out for yourself? If you are ignorant of a case, one usually undertakes some research. But not people like you, of course.not willing to pay there own way? Sound's like the Dole to me.
By the way, have you given your own country's debt any thought? Of course you haven't!
You going to answer these points with more than Rhetoric? Doubtful.
What points? You haven't made any! Now are you going to address my posting? Do you actually understand it?Socialism doesn't work.
We are not talking about socialism.Does your head ever hurt?
Dr. Barry Worthington
socialism...
--
Should we feel bad for the leftists who, after seeing one of their
own become the President, discover that he is an incompetent,
nutless coward just like themselves?