Why the US is worse off than Greece

Mr. Spite said:
Spain is on the euro so they can't devalue their currency to market value. Instead, they have to take an economic hit.

Our monetary has not been reckless; it has, if anything, been too cautious and conservative. And long-term bond rates do not bear out your ignorant fears; if the US is "just as bad as Greece", then someone had better tell the people who have their money on the line.
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1) I stated we are NOT as bad as Spain, due to our being the reserve currency.

2) I never stated we were 'just as bad as Greece'. Though we are most certainly heading in that direction. CA IS just as bad as Greece.

3) We have been very reckless with our spending for the past 50 years. We run up deficits in bad years, good years, great years etc...

4) Long term bond rates bear out the fact that people understand we are the reserve currency. They know we can continue printing money at will. They also know that while the US is bad, it is not AS bad as the Euro right now.
 
Topspin said:
maybe, I bet they wouldn't murder 3 bank employees like the Greek savages did.
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No, I don't think they would go that far either.

I have never been able to figure out what people think trashing property will do for their particular 'cause'. All it does is piss people off at the group and diminish the effectiveness of the 'cause'.
 
Superfreak said:
No, I don't think they would go that far either.

I have never been able to figure out what people think trashing property will do for their particular 'cause'. All it does is piss people off at the group and diminish the effectiveness of the 'cause'.
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I find it amazing that Greek public employees could potentially retire in their 40s and collect a pension of €2800 per month after 20 years service.
 
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