Quote:
Originally Posted by DTK
But why are they bankrupt? It's not because of Mixed Economies,
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I don't know the answer to that.
I do know that when they bring on real economic experts on CNN and other news organizations...that entitlement programs are exactly what they blame for Greece and other European countries in trouble.
The analysts I have seen over the last 3 years on the news have all said that those European govt.'s promised way too much "Free" stuff with no way to pay for it (sound familiar?)
http://www.unc.edu/depts/europe/euro...n%20Europe.php
I don't see how a mortgage crisis caused countries to go bankrupt. It didn't cause our country to go bankrupt...it just fucked up our economy.
Greece's govt. just kept borrowing so much to pay entitlements that they went over any sane percentage of their GDP. Same with Spain, and most European nations are teetering on doing the same thing.
So yes...your wording of a "Mixed Economy" (which really is code for entitlement and wealth distribution) is failing big time at the moment.
Hopefully, you are right and Europe will pull out of it's problems and the U.S. will too. And then I can cut back working so damn hard and start getting myself a govt. check too.
