Why America should care about a possiable Greek default.

[gmwise]

why americans should care about the debt crisis in greece: Tech Ticker, Yahoo! Finance

[Midtowner]

Let the EU bail them out if they need to be bailed out.

[venture]

I just have to wonder. With all these counties in debt...are there enough surpluses in other nations to counter them? If not, aren't we just printing money for the sake of printing money with nothing to back it up? I'm not saying we are destine to move to a system similar to the "New World Economy" that was used in Star Trek. Humanity is still too selfish to move to such a system where they develop and expand their lives for the sake of improving their quality of life, versus their checking account. However, you just have to think that are some point...the kiting of funds from country to country is going to have to end and we'll need to evolve to something higher.

[mugofbeer]

Let the EU bail them out if they need to be bailed out.

The EU has already said they wouldn't bail them out. The fear is this would spread to a few other countries such as Spain and Italy - eventually, then the US.

[venture]

The EU has already said they wouldn't bail them out. The fear is this would spread to a few other countries such as Spain and Italy - eventually, then the US.

The re-birth of isolationism perhaps.

[gmwise]

The re-birth of isolationism perhaps.

I know out of frustration comes isolationism.
But we cant be like pre-WW2 America.



Globalism vs. Americanism
by Patrick J. Buchanan
09/15/2009

Globalism vs. Americanism - HUMAN EVENTS

[bluedogok]

It isn't just Greece that faces possible default, it is all countries because governments operate in a fundamentally unsustainable way.As all sorts of businesses and individuals have found out recently, when the debt comes due, the owner of the debt comes calling. It is really no different with government debt than it is with corporate or personal debt other that the debt holder(s) have been more agreeable (so far) to not call the debt in.

[sacolton]

It doesn't take a natural disaster to ruin a civilization.

[gmwise]

It doesn't take a natural disaster to ruin a civilization.

Agree

damn rock music!!



lol

[Midtowner]

A Grecian bailout is not something we have any business doing. When debt is already the #1 American export, we need to focus on decreasing our own debt before worrying about anyone else's. A market collapse can, in the long run, be a good thing.

Bail 'em out and the next crash will be even harder.