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Old 09-30-2012, 06:31   #10
tom kelly
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Join Date: Aug 2007
Location: Philadelphia,Pa.
Posts: 1,490
Economics?

John Maynard Keynes (1883-1946) In his book "THE ECONOMIC Consequences of the PEACE " published in 1919. Keynes wrote about his objections to the punitive reparations payments imposed on Germany by the Allied Countries after World War I. The amounts were so high that a Germany that tried to pay them back would stay perpetually poor and therefore politically unstable. We now know that Keynes was right. Today we know the consequences of that was the rise of Adolf Hitler and WW II. Now Germany is sholdering the debt of most of the European Nations whose economy is based on the EURO. Greece, is broke along with Spain, Italy, and Ireland. The United States is in debt there are two numbers expressing the debt one is 15 Trillion and the other figure is 46 Trillion; with a large per-centage held by China. States like California, are in deep debt along with an increasing number of cities and townships across the country. Unemployment is high in Europe and the U S A , Prices for staples like energy and food are rising, record numbers of homes are in foreclosure and the present administration wants to raise the debt ceiling; Borrow more and spend more, than raise taxes. If BHO is re-elected and depending on the make-up of the Congress, The future of the U S A will be in deep trouble. Just my .02 cents of opinion. VOTE RIGHT NOV.,2012 TK.
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