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2016-04-22 Europe
Greece: We need debt write-off not austerity
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Posted by Fred 2016-04-22 00:00|| || Front Page|| [11127 views ]  Top

#1 The financial oligarchy won't like that one bit.
Posted by Anguper Hupomosing9418 2016-04-22 01:52||   2016-04-22 01:52|| Front Page Top

#2 Here's the key Prime Minister Tsipras. You make monthly payments until the balance is.... 'written off.'
Posted by Besoeker 2016-04-22 02:10||   2016-04-22 02:10|| Front Page Top

#3 Actually it might have been cheaper and more productive for the US to pay off the world debt back in 2008. The economy certainly would have improved; however, like a freshman in college who has a bad experience with their first credit card the forgiveness comes with conditions. And in this case it would of been no more borrowing, no more Ponzi scheme retirement programs, no more public sector unions.....
Posted by Airandee 2016-04-22 06:35||   2016-04-22 06:35|| Front Page Top

#4 We're not out of money. We're just out of checks.
Posted by SteveS 2016-04-22 07:25||   2016-04-22 07:25|| Front Page Top

#5 SteveS, I actually lived that conversation when I was in school.

A bunch of us were hanging out and someone suggested that we go out to eat (about 1:00 AM) I begged off due to being flat broke at the moment.

VERY rich girl asked "Don't you have a check book?"

She had a checking account that miraculously added $500 every month and she really didn't / couldn't make the connection between income and out-go.
Posted by AlanC 2016-04-22 08:38||   2016-04-22 08:38|| Front Page Top

#6 The people who gave the money to loan to you need their money back more.
Posted by ptah 2016-04-22 10:26||   2016-04-22 10:26|| Front Page Top

#7 Three morals to this story (1) Beware of Greeks offering IOUs (2) Don't lend your dollars to deadbeats (3) Don't bail out those who did such a foolish thing.
Posted by Anguper Hupomosing9418 2016-04-22 16:43||   2016-04-22 16:43|| Front Page Top

#8 Greece should have a fire sale. They could sell off statues and the acropolis and make some good bank. If that's not enough they could sell a few islands.

The world should make a list of the political class in Greece and forbid any from emmigrating to avoid the mess they've made.
Posted by rjschwarz 2016-04-22 16:57||   2016-04-22 16:57|| Front Page Top

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