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<blockquote data-quote="klein" data-source="post: 851439" data-attributes="member: 23950"><p><strong>Re: Obamanomics</strong></p><p></p><p>If you follow Greece at all, I really don't know how Fox News represents it there, but here, they say they having been living over their own standards for to long.</p><p></p><p>Exactly the same is going to happen to the USA.</p><p>The EU is bailing out Greece under conditions that they need to cut spending and add taxes.</p><p>(SS , medicare, & retirement age is all effected).</p><p></p><p>If they don't agree with those cuts and tax hikes, the EU won't bail them out. Simple as that.</p><p></p><p>So, how long will it take China to do the same with the US ?</p><p>(If you want to borrow money - prove it you can, you have your house in order, and can pay it back in the future) !</p><p></p><p>It's not rocket science - just like any bank would approve credit.</p></blockquote><p></p>
[QUOTE="klein, post: 851439, member: 23950"] [b]Re: Obamanomics[/b] If you follow Greece at all, I really don't know how Fox News represents it there, but here, they say they having been living over their own standards for to long. Exactly the same is going to happen to the USA. The EU is bailing out Greece under conditions that they need to cut spending and add taxes. (SS , medicare, & retirement age is all effected). If they don't agree with those cuts and tax hikes, the EU won't bail them out. Simple as that. So, how long will it take China to do the same with the US ? (If you want to borrow money - prove it you can, you have your house in order, and can pay it back in the future) ! It's not rocket science - just like any bank would approve credit. [/QUOTE]
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