Greece laid low by its decadence

[John D Harris]

$13,001,000,000,000 and counting, just gots'ta love it, nothing better then going deeper in debt to get out of debt.

http://www.usdebtclock.org/

[SpiritWarrior]

I dunno. Going to war with a countries on the basis of a lie is kinda neat too.

[Papa Schlumpf]

I'm surprised everyone just takes the original article at face value. As far as I can see, there are a lot of very negative generalizations about the supposed 'nature' of the Greek populace, but not a single citation to back up any of those claims. Very little in terms of facts, just one long sensationalist rant.
I understand the shift in focus in the responses to US politics (and perhaps it's not as relevant to the current discussion), but I felt it had to be mentioned.

[Timber Loftis]

Originally Posted by Papa Schlumpf I'm surprised everyone just takes the original article at face value. As far as I can see, there are a lot of very negative generalizations about the supposed 'nature' of the Greek populace, but not a single citation to back up any of those claims.

From an economics perspective, stereotyping and generalizing are perfectly acceptable. Why did Japan have trouble crawling out of its economic slump in the 1990's? Because as a people they are "born to save" which creates a negative feedback loop when the economy needs spending to revive itself. Stereotype? You betcha. Racist? You betcha. True? Again, yes indeed. Useful for understanding the problem? Ayup.

[John D Harris]

Originally Posted by John D Harris $13,001,000,000,000 and counting, just gots'ta love it, nothing better then going deeper in debt to get out of debt. http://www.usdebtclock.org/

Two years and two weeks later the Debt is $15,770,000,000,000... 2.7 TRILLION dollars in two years.... 2,770 BILLION Dollars.... 2,770,000 Million dollar more and we are still draggin along bottom... Hmmm... SO How's that going deeper into debt to get out of Debt stuff going there for you? We have to Spend lots and lots of Money to turn around the economy... How's that working out for you? We're not like Greece we don't march in the streets or riot... Occupy Wall Street ring a bell there bubba? ROTFLMAO you just gotsta love it.