View Poll Results: Should American tax payers help bailout EU?

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  • Yes

    3 4.76%
  • no

    16 25.40%
  • Hell no

    38 60.32%
  • I do not know/maybe/other

    6 9.52%
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Thread: Should American tax payers help bailout EU?

  1. #11
    Educator Jucon's Avatar
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    Re: Should American tax payers help bailout EU?

    Quote Originally Posted by jamesrage View Post
    Perhaps this is one of the reasons the media made a big deal out Arizona's anti-illegal immigration law other than their opposition to any anti-illegal immigration law. To distract us while the clowns in office want to give EU 50 billion.
    Yeah, because everyone forgets what's happening in the rest of the world when the media spends much of its time talking about Arizona...

    Quote Originally Posted by jamesrage View Post
    Rep. Mike Pence tells Newsmax it’s not the “proper role” for American taxpayers to help bail out a European country any more than it’s proper to expect Europe to bail out a fiscally strapped U.S. state.
    We loan countries money all the time. Just because these politicians strap the word "bailout" to the name doesn't make it any different than a loan. And lets not forget that by loaning money to countries we can make money off of the interest.

    I said "maybe", depending on how badly they need our help. The world came to our aid when we needed a "bailout".

    Quote Originally Posted by jamesrage View Post
    The Indiana Republican warns that taxpayers could be stuck with a $50 billion tab for a broad European bailout. And he says that voters can begin the process of repealing Obamacare by voting in a Republican majority in Congress this year.
    What does this have to do about the EU bailout?

  2. #12
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    Re: Should American tax payers help bailout EU?

    We shouldn't bail out the EU. They chose to spend and bankrupt themselves. Aren't they the ones screaming that America needs to get out of other nations? Maybe they should apply it to themselves and their financial status. The EU is very critical of US foreign policy and says we butt in nations too much, so by their rhetoric we need to distance ourselves from their financial woes and let them deal with it. We have no business bailing out the EU.

  3. #13
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    Re: Should American tax payers help bailout EU?

    Quote Originally Posted by Jucon View Post
    We loan countries money all the time. Just because these politicians strap the word "bailout" to the name doesn't make it any different than a loan. And lets not forget that by loaning money to countries we can make money off of the interest.
    Loaning them money at below market rates is definitely a bailout, to add to that if the interest rate stays below the rate of inflation we would be losing money on it.
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  4. #14
    Student MikeVFF's Avatar
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    Re: Should American tax payers help bailout EU?

    YES! Print more money and give it to them! What could go wrong!? Hey look that funny red number just got bigger! *Rips bong*

    Even considering giving money to foreign notions should be enough for grounds to drug test everyone in DC

  5. #15
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    Re: Should American tax payers help bailout EU?

    Quote Originally Posted by jamesrage View Post
    Should American tax payers help bailout EU?

    Yes
    no
    Hell no
    I do not know/maybe/other


    I say no, **** the EU.
    Well, this is what the United States gets for wanting to be a world leader, involving itself in the affairs of others and tying itself up with commitments to the UN and the IMF:

    Other countries get a say in a decision that affects US taxpayers. Oh, snap.

    You realize, of course, that US politicians love situations like this. They get to nay-say, which is popular with the folks at home, while reaping with the rest of us the benefits of good outcomes, and being politically insulated from the fall-out of bad outcomes.
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

  6. #16
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    Re: Should American tax payers help bailout EU?

    Quote Originally Posted by Gibberish View Post
    We can definitely help by actively increasing our export purchases where we can. We should NOT hand them money without a commodity in return.
    We should continue making purchases with only one end in mind, getting the best value for dollar spent.

    Period.

    The other thing we should focus on is forcing the drastic reductions in the US governments, at all levels, to avoid becoming the next Greece-spot on the fabric of history.

  7. #17
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    Re: Should American tax payers help bailout EU?

    Quote Originally Posted by Scarecrow Akhbar View Post
    We should continue making purchases with only one end in mind, getting the best value for dollar spent.

    Period.

    The other thing we should focus on is forcing the drastic reductions in the US governments, at all levels, to avoid becoming the next Greece-spot on the fabric of history.
    And for some reason our nation's leaders dont understand this...

  8. #18
    Educator Jucon's Avatar
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    Re: Should American tax payers help bailout EU?

    Quote Originally Posted by Scarecrow Akhbar View Post
    We should continue making purchases with only one end in mind, getting the best value for dollar spent.

    Period.

    The other thing we should focus on is forcing the drastic reductions in the US governments, at all levels, to avoid becoming the next Greece-spot on the fabric of history.
    And yet people from all sides refuse to make cuts to Medicare, Medicaid, Social Security and Military spending... which combined takes up the majority of our federal spending.

    Seems to me like most people only want things cut that they don't directly benefit from. That's why it's so hard to make cuts in government. There's always people who refuse to give an inch.

  9. #19
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    Re: Should American tax payers help bailout EU?

    No. It's throwing good money after bad.

  10. #20
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    Re: Should American tax payers help bailout EU?

    I voted yes.

    There's this funny thing going on called 'globalisation' that reaches into everyone's lives. It lets you buy cheap ****ty products from China that you don't need, it lets you talk to your long distance partner on Skype, it enables you to peddle your wares on a global scale and in doing all those things it brings people together. But unfortunately, sometimes an element of that system, whether a good or a bad element, backfires. When that happens, it's not on for people to suddenly return to an isolationist mindset and say, 'well, they can just help themselves out,' because unfortunately the world does not operate that way any more.

    An element of all this is that (obviously) capital is highly mobile. Whether people like it or not, the financial interdependence of the world nowadays is such that a crisis in one place equals a crisis everywhere. Let me go on the record and say that the Greek government (whoever was running them over the last decade or so, both right and left parties) was stupendously stupid for running up a huge deficit and debt and I don't condone that in any way. However, they have created a malignant cancer. If it's not cut out, it's going to spread. It is simply not enough for people to say "well, I don't like that there's a cancer, so I'll just let it remain," in the hope that things will magically get better.

    The argument against the US bailouts was premised partly on the idea that if a corporation stuffs up, it should be made to collapse. No moral hazard, no bailouts. However, what we are dealing with here is a government, NOT a corporation. And last time I checked, the business of governing in itself was not an element of a free-market system. But one thing is clear: financial markets have taken a look at Greece's problems, and they are not liking it.

    Look at the level of fear worldwide when Greece had its credit rating downgraded. People know that Greece is not the only problem country: all the PIGS countries are at risk. The cancer could easily spread. The only response if we allowed to Greece to default on its debt would be more fear, more economic strife. If such a thing were to occur, the problems for the other PIGS countries would multiply and the situation would only get worse.

    So there are two choices: don't authorise a bailout, and open the door to the possibility of yet another financial collapse. More unemployment. More wealth lost. And I bet that would leave the people who stood there, middle finger raised, telling the Greeks to **** off, looking pretty silly. OR: bail them out (even if this in itself is not exactly an ideal solution) and stem the risk; cut out the cancer. It makes sense to me.
    Last edited by Yossarian; 05-20-10 at 02:14 AM.

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