The Economist | Commentary
A government’s credibility is founded on its commitment to honor its debts. As a result of the dramas of the past few weeks, that crucial commodity is eroding in the West. The struggles in Europe to keep Greece in the euro zone and the brinkmanship in America over the debt ceiling have presented investors with an unattractive choice: Should you buy the currency that may default, or the one that could disintegrate? In the early days of the economic crisis, the West’s leaders did a reasonable job of cleaning up a mess that was only partly of their making. Now, the politicians have become the problem. In both America and Europe . . . . . .
rather have barbarous relics
ReplyDeleteRepublicans are trying to insert some austerity measures like those applauded in the article. Unfortunately, in the US, we are fighting a spendthrift machine called liberals. But both parties aren't dealing with the one policy that could make a huge difference in revenues: tax loopholes for corporations that go overseas to keep their money. They take jobs and revenues with them. We need a Fair Tax policy which eliminates tax revenues being off-shored by American corporations.
ReplyDeletegold
ReplyDeletewheres the cat saying this isnt a depression months years ago here.
i guess the jokes on him.
the jig is up.
america is finished
bush and obama should be proud
dont forget the clintons
454
ReplyDeletethe money has been spent
we are doomed !
they argue like it matters!
we have been sold out see ya in fema camps!!!!!!!!!!!
AUGUST 15 NO BUY NO WORK DAY OF RAGE IN USA, DONT WORK DONT SPEND ON ANYTHING
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