It's like George Carlin said, we live in a country where the rich have most of the money, pay none of the taxes; the middle class pays most of the taxes and has a little of the money; the poor are there ... just to scare the shit out of the middle class!
-kyrathaba
Hahahah~! I LOVE George Carlin! His comedy was simply brilliant. The world lost something precious when he died.
But I think I'm missing something... Looking at the World Debt Clock:
(see attachment in previous post)
Check the US numbers, then look at France, the UK, Germany, Spain, Portugal, Italy... THEY'RE WORSE!
Europe seems to be in far worse condition than the US, and the US is pretty close to bankrupt. They're discussing defaulting on their debt!!!
Is that right? Is Europe in far worse a position than the US? If so, how? How could anyone be so grossly irresponsible to get debt soar to such insane levels?
Australia and Canada are the only 2 "western" countries that seem to have debt levels that could just possibly on a crazy day... warrant letting them out of their straight-jackets. Still bad, but nothing near the levels in Europe.
Am I missing something? If so, what?
-Renegade
As China is changing their US dollars for Euros, other Asian markets do the same...so I think that the Eurozone is in a better state, because there are positive signals which the emerging markets appear to like. Or they want to keep their money safe because of the ineptitude of the US government which cannot make up their minds.
I understand that the credit rating agencies like Moody's, Standard and Poor's etc. lower their rating for the US, making it more expensive for the US to borrow money from the international market. I also understand that if the lending percentage increases with 1%, it will cost the US as much as all the wars (WW-I, WW-II, Vietnam, Balkan, Golf war I, Golf war II, Irak/Afghanistan) combined.
That frightens a lot of foreign investors...and it should frighten the Republicans as well. The minister of Finance from Great Britain is already cursing the Republicans to hell, because he expects that their stubbornness will nullify all the rescue attempts for the Euro. So the misery that will become a part of life for the US people will spread out on the European tax payers as well.
The US needs to realize that Europe was very grateful after the second WW-II and their Marshall-plan, but from that gratefulness is nothing left because the later generations in the US governments completely mismanaged it...actually destroyed it in the process.
Now I say Republicans all the time, but I mean only the extreme ones, because I know that most of them are actually in favor of solving this whole situation and getting more and more fed up with this. After all, most of the US voters out there are thinking like Republicans for some things in life while for other things they think like a Democrat.
As the poor don't have money to spend but want to, the rich have money but don't want to...it's the middle class that will have to save the US economy. Live and let live...that benefits everybody (in the short and long run).
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