I think the dollar for 3 reasons:
1. Euope at least has a Germany, a productive economy that can shoulder all the PIIGS, at least for a while. The US is but 50 Spains, Italys Portugals and Greeces cobbled together.
2. The US owes more than any other country.
3. The Europeans are introducing austerity, which very few people in the U.S. support.
It's a shame that Greece won't repudiate its debt and that the banks wouldn't be allowed to just fail, but the U.S will sooner be in much more trouble than Greece is, because too few people here want to cut spending and that includes all of the Republican Presidential candidates except Dr. Paul and maybe Gary Johnson. Michelle Bachmann wouldn't cut military or SS spending, Cain wouldn't cut war on Islam and War on America spending, Romney would raise taxes and increase spending for inflation, and Perry would be spending too much on corporate welfare and public works projects, plus he wouldn't cut military spending enough.
This country is fucked and the thing that sucks so bad about it is that few people sincerely care. Most Americans have such low self control. If they were thristy and starving, they'd choose a small bite of a pizza and no drink immediately over 3 slices of pizza and a drink completely of their choice one minute later. So, 6 hours later, they'd be just as hungry as they were before and even thirstier.
1. Euope at least has a Germany, a productive economy that can shoulder all the PIIGS, at least for a while. The US is but 50 Spains, Italys Portugals and Greeces cobbled together.
2. The US owes more than any other country.
3. The Europeans are introducing austerity, which very few people in the U.S. support.
It's a shame that Greece won't repudiate its debt and that the banks wouldn't be allowed to just fail, but the U.S will sooner be in much more trouble than Greece is, because too few people here want to cut spending and that includes all of the Republican Presidential candidates except Dr. Paul and maybe Gary Johnson. Michelle Bachmann wouldn't cut military or SS spending, Cain wouldn't cut war on Islam and War on America spending, Romney would raise taxes and increase spending for inflation, and Perry would be spending too much on corporate welfare and public works projects, plus he wouldn't cut military spending enough.
This country is fucked and the thing that sucks so bad about it is that few people sincerely care. Most Americans have such low self control. If they were thristy and starving, they'd choose a small bite of a pizza and no drink immediately over 3 slices of pizza and a drink completely of their choice one minute later. So, 6 hours later, they'd be just as hungry as they were before and even thirstier.
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