THE TRUMP 2024 THREAD

vantexan

Well-Known Member
Banks that are failing due to mismanagement or other factors aren't the same as banks loaning huge sums to a country and that country failing to pay its obligations. In effect Greece was taken over, put into receivership, until such time it has paid its debts off. You keep wanting to make the banks the bad guys in this situation. No, creating incredibly generous benefits for its citizens without the means to pay for it just means Greece wss being run by idealists who didn't understand economics. Banks wanting their money back? What do you expect? Banks aren't a government that prints money. They aren't in a position to forgive debt. Governments can't get away with that for very long either. You need to wake up to the reality that you can't just create utopia if you want to. Things come at a price. If you can't pay then you have to do without.
 

vantexan

Well-Known Member

rickyb

Well-Known Member
Banks that are failing due to mismanagement or other factors aren't the same as banks loaning huge sums to a country and that country failing to pay its obligations. In effect Greece was taken over, put into receivership, until such time it has paid its debts off. You keep wanting to make the banks the bad guys in this situation. No, creating incredibly generous benefits for its citizens without the means to pay for it just means Greece wss being run by idealists who didn't understand economics. Banks wanting their money back? What do you expect? Banks aren't a government that prints money. They aren't in a position to forgive debt. Governments can't get away with that for very long either. You need to wake up to the reality that you can't just create utopia if you want to. Things come at a price. If you can't pay then you have to do without.
they followed the troikas plan which was cut govt spending, and it shrunk the private sector economy making them more bankrupt than before

who took over greece btw?

no the money was funnelled through greece to french and german banks which was a 3rd bailout.
 

vantexan

Well-Known Member
they followed the troikas plan which was cut govt spending, and it shrunk the private sector economy making them more bankrupt than before

who took over greece btw?

no the money was funnelled through greece to french and german banks which was a 3rd bailout.
You're not seeing the problem. If Greece's private sector depended that much on government spending to stay afloat then the government should have never borrowed that much money to offer all those benefits. It was a socialist government and what they did was build a house of cards that blew over. Let me ask you, if at the point the government told the banks it couldn't pay the interest on the debt or pay back the principle, should the banks have continued to give the Greek government money to prop it up?

When I said Greece got taken over I meant figuratively. The Greeks had to agree to the terms dictated to them in order to get out of their quagmire. Caused their citizens extreme pain financially.
 

BigUnionGuy

Got the T-Shirt
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rickyb

Well-Known Member
You're not seeing the problem. If Greece's private sector depended that much on government spending to stay afloat then the government should have never borrowed that much money to offer all those benefits. It was a socialist government and what they did was build a house of cards that blew over. Let me ask you, if at the point the government told the banks it couldn't pay the interest on the debt or pay back the principle, should the banks have continued to give the Greek government money to prop it up?

When I said Greece got taken over I meant figuratively. The Greeks had to agree to the terms dictated to them in order to get out of their quagmire. Caused their citizens extreme pain financially.
but they never got out of hte quagmire. they cut govt spending during a depression and it made the debt bigger. it increased private sector debt. it reduces overall demand.

i agree sometimes things need to be cut like US war budget.
 

vantexan

Well-Known Member
but they never got out of hte quagmire. they cut govt spending during a depression and it made the debt bigger. it increased private sector debt. it reduces overall demand.

i agree sometimes things need to be cut like US war budget.
The U.S. budget isn't Greece's business. Greece will get out.of.their debt when they fully embrace capitalism and control their spending. Until then it will be tough for them.
 

nWo

Well-Known Member
there's the libs trying to declare victory when the game has just started. the DOGE process runs through july of 2026. any fraud waste or abuse in SS or medicare is on hold right now as the libs have it tied up and delayed in court.

No one's declaring victory. Im posting facts. I'm sorry the facts don't lineup with your newsmax worldview
 

newfie

Well-Known Member
No one's declaring victory. Im posting facts. I'm sorry the facts don't lineup with your newsmax worldview
the problem is you're really not posting facts but spin from your DNC propaganda machine.
the process has just begun and you're already trying to act like the game is already over and lost.
try a different approach and tell us what you like about the bill
 

rickyb

Well-Known Member
The U.S. budget isn't Greece's business. Greece will get out.of.their debt when they fully embrace capitalism and control their spending. Until then it will be tough for them.
Thats not the point.

The point is they followed the troikas orders of cutting govt spending during a economic downturn, and that made them even more bankrupt
 

nWo

Well-Known Member
the problem is you're really not posting facts but spin from your DNC propaganda machine.
the process has just begun and you're already trying to act like the game is already over and lost.
try a different approach and tell us what you like about the bill

Everything I have posted has been a fact.
 
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