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Thread: Contagion hits Portugal as Ireland dithers on rescue

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    Re: Contagion hits Portugal as Ireland dithers on rescue

    Quote Originally Posted by American View Post
    That's not what did it, it was a law modification during the 1990's. But you wouldn't know anything about that.
    LOL yea be in denial. It was one of the triggers that made it possible.
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    Re: Contagion hits Portugal as Ireland dithers on rescue

    Quote Originally Posted by American View Post
    You do know that you're going down?
    I am going down?
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    Re: Contagion hits Portugal as Ireland dithers on rescue

    The major difference between the Unites States and Europe is that the American people are willing to tackle the problem of government spending head on, as the Tea Party demonstrates, while there is only inertia in Europe.The Europeans feel powerless because the power has been largely shifted from their hands to Brussels. The American people still have the power to turn things around, and it is expected that they will.

    Of course if they continue along the same route with BHO they're as screwed as the Europeans. The Europeans need to get their countries back, just as Americans must do with their State Rights. People must be close to their governments.

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    Re: Contagion hits Portugal as Ireland dithers on rescue

    Quote Originally Posted by Grant View Post
    The major difference between the Unites States and Europe is that the American people are willing to tackle the problem of government spending head on, as the Tea Party demonstrates, while there is only inertia in Europe.The Europeans feel powerless because the power has been largely shifted from their hands to Brussels. The American people still have the power to turn things around, and it is expected that they will.

    Of course if they continue along the same route with BHO they're as screwed as the Europeans. The Europeans need to get their countries back, just as Americans must do with their State Rights. People must be close to their governments.
    Really?

    What cuts have been pushed through in the US


    Greece has seen massive cut, France is seeing cuts, the UK, Ireland is engaged in massive cuts so large as to drive the Irish to leave again, the Baltics have made dramatic cuts. Next up will be Spain, Portugal and Italy. Germany and the others will alot of money have made adjustments long before this and have reasonable economies.

    So far other then promising cuts, I have yet to see any actual promises on what the US or the tea party will cut. SS I doubt it, medicare certainly not, the military that is sancrosanct. The three biggest spending programs in the US are nearly untouchable to any real cuts. So the cuts wont come untill things are truely dire. The tea party wont cut the military, and no party can touch SS or medicare without having the demographic that votes (the old) turn on them
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    Re: Contagion hits Portugal as Ireland dithers on rescue

    What's funny about the right wing is the volte face they've done on Ireland. Our corporate tax rates were eulogised, most prominently by McCain during the election cycle. Now we can't cover our debts because of left wing policies?

    Our hell is caused by combining a low taxation culture that couldn't afford wide and inefficient social safety nets. We had the worst of both worlds people, a mutant Euro-American economic outlook.

    I don't know where the Irish Tea Party idea came from either. The most popular political party at the moment is the left wing Labour Party. The closest thing we had to Libertarians were the Progressive Democrats, who died out over the past few years due to its coalition with the ruling party. There is a rising tide of anger against the bloated public sector but I'm not sure how a party like Labour would tackle it.

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    Re: Contagion hits Portugal as Ireland dithers on rescue

    Quote Originally Posted by Lord Tammerlain View Post
    Really?

    What cuts have been pushed through in the US


    Greece has seen massive cut, France is seeing cuts, the UK, Ireland is engaged in massive cuts so large as to drive the Irish to leave again, the Baltics have made dramatic cuts. Next up will be Spain, Portugal and Italy. Germany and the others will alot of money have made adjustments long before this and have reasonable economies.

    So far other then promising cuts, I have yet to see any actual promises on what the US or the tea party will cut. SS I doubt it, medicare certainly not, the military that is sancrosanct. The three biggest spending programs in the US are nearly untouchable to any real cuts. So the cuts wont come untill things are truely dire. The tea party wont cut the military, and no party can touch SS or medicare without having the demographic that votes (the old) turn on them
    taxes




    the teabagging wing of the republican party will sing the same republican mantra. gotta problem? cutting taxes will be the cure

    it's not a legitimate solution but that "answer" resonates with those who drink the koolaid
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    Re: Contagion hits Portugal as Ireland dithers on rescue

    Quote Originally Posted by PeteEU View Post
    I am going down?
    Spain will be finished long before the US.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: Contagion hits Portugal as Ireland dithers on rescue

    [QUOTE]
    Quote Originally Posted by Lord Tammerlain View Post
    Really?

    What cuts have been pushed through in the US
    None yet, of course, but the Tea Party movement certainly is having an effect on those in Washington regarding spending. No such movement, apart from some small talk, exists in Europe. The will, and the access, just isn't there.


    Greece has seen massive cut, France is seeing cuts, the UK, Ireland is engaged in massive cuts so large as to drive the Irish to leave again, the Baltics have made dramatic cuts. Next up will be Spain, Portugal and Italy. Germany and the others will alot of money have made adjustments long before this and have reasonable economies.
    Sure, but these are forced cuts because they can't meet their obligations. In the USA t's the people who are trying t force the government to spend less.

    So far other then promising cuts, I have yet to see any actual promises on what the US or the tea party will cut. SS
    they haven't even been sworn in yet. What can you expect?

    I doubt it, medicare certainly not, the military that is sancrosanct.
    No, it's not. They've already said so,

    The three biggest spending programs in the US are nearly untouchable to any real cuts. So the cuts wont come untill things are truely dire. The tea party wont cut the military, and no party can touch SS or medicare without having the demographic that votes (the old) turn on them.
    In fact they said they're going to look at ALL programs.

    The real biggy will be closing Obamacare, or it will become one of those huge sacrosanct programs as well, that no one can ever touch.That's just the way it goes, and I think many Americans are starting to understand that.

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    Re: Contagion hits Portugal as Ireland dithers on rescue

    The fly in the ointment is that Ireland followed the cuts recipe to the letter. They have, as said already, gone through a round of savage cuts, reviews, and wage reductions. Now they face more of the same. What price the USA, who triggered this disaster, escaping the results of their actions?
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