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The Water Cooler
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Debt
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<blockquote data-quote="elcaBob" data-source="post: 1694250" data-attributes="member: 3143"><p>I got this in an email tonight. Interesting.</p><p></p><p></p><p>Did you know that among advanced economies, only Greece, Iceland, Ireland, Italy, Japan and Portugal have more debt than they produce in a year? Until last month, that is. You can now add the USA to that list. If that doesnt concern you, consider what has been happening in Greece, Ireland, Portugal and Italy. The first three required bailouts; Italy and Portugal are next. There is nobody to bail out America. Take a look at the <a href="http://www.usdebtclock.org/" target="_blank">National Debt Clock</a> to get a better feel for the magnitude of the problem.</p></blockquote><p></p>
[QUOTE="elcaBob, post: 1694250, member: 3143"] I got this in an email tonight. Interesting. Did you know that among advanced economies, only Greece, Iceland, Ireland, Italy, Japan and Portugal have more debt than they produce in a year? Until last month, that is. You can now add the USA to that list. If that doesnt concern you, consider what has been happening in Greece, Ireland, Portugal and Italy. The first three required bailouts; Italy and Portugal are next. There is nobody to bail out America. Take a look at the [URL="http://www.usdebtclock.org/"]National Debt Clock[/URL] to get a better feel for the magnitude of the problem. [/QUOTE]
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