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Old 10-28-2011, 10:40 AM   #487
CaptainCrunch
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I agree with what your saying AFC, and I guess the one thing that was artificially done is that there was a prevention in that cycle with the bailout of the normal culling of ineffective businesses. The brush fire that has to happen once in a while for a capitalist system to flurish didn't happen.

But in this case because that destruction would have happened economy wide instead of by segments couldn't be allowed to happen.

I agree with the second part, the heartless ####### in me says that there's no way that any part of Greece's debt should have been forgiven because until they change their fundemental government beliefs, and the beliefs of their citizen's they're just going to run up their debt again. We're going to be in this same spot again in about a half a year.

Greece right now is a failed economy, with citizen's that refuse to change for the betterment of their country, it would be nice if there was a international repo agency that could go in and start seizing assets to secure these bailouts.

Currently the American's are spending 4.7% of the GDP on the military, and to be honest I don't think thats completely out of line considering that they've been engaged in two wars, and I don't think that its time to roll out a peace divident just yet, I think the only thing that they could do is put a temporary moratorium on new systems development for a couple of years, but that would have sharp reprucssions against Employment.

currently the American Government spends 39% of its GDP on its social programs and welfare net. There are mass inefficiencies that could create greater budget benefits there.

They're not getting good value for that spending right now.
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