Question for Matty and wdywn

  1. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Question for Matty and wdywn

    How did Greece get in the economic position they are with rioting in the street??

    It's not something that started 12 years ago btw!

     

     
  2. You have chosen to ignore posts from MattyScornD. Show MattyScornD's posts

    Re: Question for Matty and wdywn

    Well, you see, it all started with the nomadic farming cultures of the middle east crossing what is now the bosporus into what we know as southeastern europe and then settling onto the greek mainland and pelopennese as well as the greek islands...

    ...i.e. the 'cradle of civilization'.

     

     

     

     
  3. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Question for Matty and wdywn

    In response to MattyScornD's comment:
    [QUOTE]

    Well, you see, it all started with the nomadic farming cultures of the middle east crossing what is now the bosporus into what we know as southeastern europe and then settling onto the greek mainland and pelopennese as well as the greek islands...

    ...i.e. the 'cradle of civilization'.

     

     Nice dodge. These realities must really suck for those that wish the USA to take the same path but, think it will be different

     

    [/QUOTE]


     
  4. You have chosen to ignore posts from MattyScornD. Show MattyScornD's posts

    Re: Question for Matty and wdywn

    In response to tvoter's comment:
    [QUOTE]

    In response to MattyScornD's comment:
    [QUOTE]

    Well, you see, it all started with the nomadic farming cultures of the middle east crossing what is now the bosporus into what we know as southeastern europe and then settling onto the greek mainland and pelopennese as well as the greek islands...

    ...i.e. the 'cradle of civilization'.

     

     Nice dodge. These realities must really suck for those that wish the USA to take the same path but, think it will be different

     

    [/QUOTE]


    [/QUOTE]


    We're not Greece, and we're not part of the EU or EEC.  And nobody "wishes the USA take the same path".

    Other than that, they're like mirrors.

     

     
  5. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Question for Matty and wdywn

    Greece lied its way into the Euro.  They said their deficits were 1/2 of what they really were.  After they got into the Euro, Interest rates dropped dramatically, and people who had never borrowed money before where borrowing like crazy - buying stuff made in Germany.

    when a new government came into power in Greece, they uncovered the lie.  They told everyone that their deficits were 2 to 3 times what they had been telling people.  

    that caused banks and investors to suddenly stop lending money to the Greek government, which led them to come close to defaulting on govt bonds.

    and because they are in the Euro, they are unable to use things like monetary policy to get the, out of their predicament.  In effect, when they joined the euro, they pretty much gave up their ability to manage their economy.

    when they instituted austerity measures, people who owed money couldn't pay their creditors.  This led to a viscious cycle making the economy worse and worse.

    What was imposed on Greece by the Euro zone and by it's creditors is what people like Tvoter and skeeter and the tea partiers want to do here in the US.

     
  6. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Question for Matty and wdywn

    In response to DirtyWaterLover's comment:
    [QUOTE]

    Greece lied its way into the Euro.  They said their deficits were 1/2 of what they really were.  After they got into the Euro, Interest rates dropped dramatically, and people who had never borrowed money before where borrowing like crazy - buying stuff made in Germany.

    when a new government came into power in Greece, they uncovered the lie.  They told everyone that their deficits were 2 to 3 times what they had been telling people.  

    that caused banks and investors to suddenly stop lending money to the Greek government, which led them to come close to defaulting on govt bonds.

    and because they are in the Euro, they are unable to use things like monetary policy to get the, out of their predicament.  In effect, when they joined the euro, they pretty much gave up their ability to manage their economy.

    when they instituted austerity measures, people who owed money couldn't pay their creditors.  This led to a viscious cycle making the economy worse and worse.

    What was imposed on Greece by the Euro zone and by it's creditors is what people like Tvoter and skeeter and the tea partiers want to do here in the US.

    [/QUOTE]


    Greece lied? 

    I guess they are socialists.  And Democrats.

     
  7. You have chosen to ignore posts from Sistersledge. Show Sistersledge's posts

    Re: Question for Matty and wdywn

     
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  9. You have chosen to ignore posts from Sistersledge. Show Sistersledge's posts

    Re: Question for Matty and wdywn

    In response to jmel's comment:
    [QUOTE]

    In response to Sistersledge's comment:
    [QUOTE]

    [/QUOTE]


    $250K is not rich.  

    [/QUOTE]

    Morning jmel I just thought that I would stir the pot . Get outside and get some sunshine today before the Pats and Colts.

    BTW what do you think of the " Fighting Irish" ?

    # 1 Baby !!!!!!

     
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  11. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Question for Matty and wdywn

    In response to Sistersledge's comment:
    [QUOTE]

    [/QUOTE]


    Who's this putz?  By his statement, he doesn't even understand basic economics, ideology aside.

     
  12. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Question for Matty and wdywn

    Higher tax rates for the rich, and economy doing well, and a balanced budget during the Clinton years.

    Lower tax rates for the rich, economy crashed and burned, huge deficit under Bush.

    Explain one more time how raising taxes on the wealthy is bad.

     
  13. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Question for Matty and wdywn

    In response to DirtyWaterLover's comment:
    [QUOTE]

    Higher tax rates for the rich, and economy doing well, and a balanced budget during the Clinton years.

    Lower tax rates for the rich, economy crashed and burned, huge deficit under Bush.

    Explain one more time how raising taxes on the wealthy is bad.

    [/QUOTE]

    One more time:

    Laffer curve.  read up on it.

    You are trying to compare the tax burden during a boom economy with the tax burden during a resession.  I wouls say even the stupidest people would agree that raising taxes in bad times is not a good thing.

     
  14. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Question for Matty and wdywn

    In response to DirtyWaterLover's comment:
    [QUOTE]

    Higher tax rates for the rich, and economy doing well, and a balanced budget during the Clinton years.

    Lower tax rates for the rich, economy crashed and burned, huge deficit under Bush.

    Explain one more time how raising taxes on the wealthy is bad.

    [/QUOTE]


    The operative words ^ are not "tax cuts" it's "balanced budget".

    The dems have not even put forth a budget in 4 years and everyone the republican house put forth the dem senate refused to even debate or have a counter budget!

    what's up with that??

     
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  17. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Question for Matty and wdywn

    In response to skeeter20's comment:
    [QUOTE]

    In response to DirtyWaterLover's comment:
    [QUOTE]

    Higher tax rates for the rich, and economy doing well, and a balanced budget during the Clinton years.

    Lower tax rates for the rich, economy crashed and burned, huge deficit under Bush.

    Explain one more time how raising taxes on the wealthy is bad.

    [/QUOTE]

    One more time:

    Laffer curve.  read up on it.

    You are trying to compare the tax burden during a boom economy with the tax burden during a resession.  I wouls say even the stupidest people would agree that raising taxes in bad times is not a good thing.

    [/QUOTE]

    Ah, supply side economics.

    My Sohpmore year in college, EC 302 Macro Theory.  After the mid term, the professor was going over the syllabus.  He gets to the end of the Syllabus which says "Supply Side Economics".  I got excited because at the time I was Reaganite.  So the professor says, "and if we have time, we'll go over Supply side economics in case anyone actually believes that stuff".

    So skeeter, explain it to the class.  Unless of course, you don't actually understand it.

    And by the way, Reagan may have called what he was doing, "supply side" but it was really Keynes.

    Speaking of Reagan, didn't he enact the largest tax increase in the nation's history?

    Next up, Skeeter explaining how Reagan wasn't a true Republican.

     
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