he is such a massive, massive, MASSIVE prick

( Naked Ape call me Caitlyn, Tue 29 Nov 2011, 17:24, 1 reply, 14 years ago)

I like the way he thinks the way Britain can protect itself from the too high- soverign debt caused recession is to
increase sovereign debt.
(Glucose-Maximus All over the world., Tue 29 Nov 2011, 17:29, Reply)

Actually, the problem is very little to do with soverign debt.
Both Italy and Portugal have pretty low soverign deby compared to, say, the US.
( the mighty badger Aphrodite, on a bar stool, by your side, Tue 29 Nov 2011, 17:46, Reply)

Thats just an economic Nuke waiting to happen.
And it is the fault of the state loving authoritarians that have taken over both of their main parties.
(Glucose-Maximus All over the world., Tue 29 Nov 2011, 17:48, Reply)

While I see your point
I don't think it is, because soverign debt, like any debt, isn't a problem as long as the country makes more by not repaying it than it costs them to repay it. And short of global financial armageddon, the US will always be in that position. And if global financial armageddon does come about, no-one will care anyway.

However, the fact that they can't fucking agree on ANYTHING might cause a few issues down the line.
( the mighty badger Aphrodite, on a bar stool, by your side, Tue 29 Nov 2011, 17:51, Reply)

We have no precedent to work from
Pinning our hopes to any political horse isn't necessarily constructive right now.

Possibly the closest the modern world has come to the current situation is the US in 1932. FDR's WPA was badly administered but was a rather rudimentary predeccessor of "Plan B", and was rather overtaken by external events.

There seems to be a reluctance to accept that nobody really knows what to do, because there are no viable parallels.
( The Disappointed Caravanner of the year, Tue 29 Nov 2011, 18:14, Reply)