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peaceandlove · 02-16-2010, 07:02 PM

Texas Straight Talk ~ A Weekly Column

Congressman Ron Paul
New Every Monday at http://www.house.gov/paul
or phone 1-888-322-1414 for recorded message.

VIDEO (4:00): http://www.youtube.com/user/minnesot.../0/u0qdw_slpj8

February 15, 2010: "Are US Taxpayers Bailing Out Greece?"

Last week we were reminded that ours is not the only country suffering from severe economic turmoil. The Greek government is the latest to come close to default on their massive public debt. Greece has insufficient funds in their treasury to make even the minimum payments that are now coming due. Their debt level is about 120 percent of their gross domestic product and their public sector absorbs what amounts to 40 percent of GDP. Any talk of cutting costs and spending is met with violent protests from the many Greeks heavily dependent on government payments. Mounting fears of default have sent shockwaves through their creditors and all of the eurozone countries.

Continues: http://www.house.gov/htbin/blog_inc?...ngdetail.shtml

02-16-2010, 07:02 PM	#101
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: Ron Paul 10/20/2008 "New Era of Slavery" Texas Straight Talk ~ A Weekly Column Congressman Ron Paul New Every Monday at http://www.house.gov/paul or phone 1-888-322-1414 for recorded message. VIDEO (4:00): http://www.youtube.com/user/minnesot.../0/u0qdw_slpj8 February 15, 2010: "Are US Taxpayers Bailing Out Greece?" Last week we were reminded that ours is not the only country suffering from severe economic turmoil. The Greek government is the latest to come close to default on their massive public debt. Greece has insufficient funds in their treasury to make even the minimum payments that are now coming due. Their debt level is about 120 percent of their gross domestic product and their public sector absorbs what amounts to 40 percent of GDP. Any talk of cutting costs and spending is met with violent protests from the many Greeks heavily dependent on government payments. Mounting fears of default have sent shockwaves through their creditors and all of the eurozone countries. Continues: http://www.house.gov/htbin/blog_inc?...ngdetail.shtml Last edited by peaceandlove; 02-22-2010 at 08:04 PM.