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PsycWench's avatar

By Christmas we should be like a whiteish Somalia. How appealing.

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AngryBlakGuy's avatar

...yeah, they think just because the mechanism of their default is different that the outcome won't be the same:

<strong>GREECE</strong>: low domestic output + high debt + artificially inflated real estate = banks don't want lend you money(insolvency)! Which in turn means you can't pay your bill and when you don't pay your bills you are in <strong>DEFAULT!!!</strong>

<strong>Murrica</strong>: can easily raise the "Debt Ceiling" and pay its bills but due to the antics of a few dozen ideologues won't. It doesn't matter if you do or don't have the finances to pay your bills, the question is did you actually pay it!!! Try this one day with your mortgage: keep the payment in your bank account and don't pay your mortgage and when the mortgage company foreclose(because you <strong>DEFAULTED</strong>) tell them no, because you actually have the cash to pay but decided not to!!!

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