Tuesday, July 5, 2011

The BBC is asking the same questions.... I don't even have to comment

Will the US or Greece default first?

"Will the US government default on its debt before Greece does? The fact that I can even pose the question tells you we live in peculiar times."
Stephanie Flanders, Economic Editor, BBC News

"As someone in their thirties this to me is a depressing sign that perhaps developed societies have enjoyed higher living standards than might have been possible had they been obliged to live within their means. As with Greece, throwing good money after bad, I worry that kicking the can further down the road for both countries will simply mean younger generations picking up the tab." Comment from 'Laurent'

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