Originally Posted by Bill8

Congrats on writing more than one line.

Technically, he doesn't say any of that, altho I would agree that there is an unstated subtext which is that Greece will default, followed by at least a few of the other mediterreanean countries.

I personally woudl say the guy is right, and we have been warned - by many, not just this guy.

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Now, the question is, should I bother to debate with you the editorial stuff you added? You probably wont actually debate, you rarely have in the past.

Lets pick one item.

With money as cheap as it is right now, why shouldn't the government borrow as much as they can, and spend it? In a cheap money environment, borrowing money makes sense, not borrowing it (and spending it) makes less sense.

The private sector is not spending money inside the country. The private sector is not building new infrastucture inside the country. The private sector relies (and has relied in the past) on government spending for infrstructure, and government assumption of infrastructure costs.

So, why shouldn't the government borrow more of teh cheapest money any of us has ever seen in our lifetime to build infrastructure that the private sector can then use "for free"?

But - more to the point - what's your plan to get the private sector re-investing in america again? Why should it?