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See what socialist policies get you? Insane taxes on everything with massive entitlement programs from craddle to grave!! Coming to the United States if you don't take a stand NOW!!Federal Government Tax Revenues $2 TRILLION
Federal Government Expenditures $3 TRILLIONIt's a scandal that these rating agencies that are at the center of the whole crisis by rating the worst
sub prime garbage as AAA investment grade, are ever listened to again. They are being paid by the banks
that have them grade their so called products. It doesn't get more corrupt. Why is there no investigation into these criminal practices?Moodys ratings, IMF etc etc, it's all one big con job and the winners are always the bankers, who just loving putting up smokecreens to deflect what is really going on, their insatiable appetites for more an more no matter what.The financial crisis in Europe is really a snapshot of what is going to happen in America. In Europe, Socialist countries like Spain, Portugal and Greece who have unsustainable welfare policies and unproductive economies are expecting the productive relatively Capitalist countries like France and Germany to bail them out by increasing taxes on French/German citizens so that the money can be used to bail out their sorry economies. Austerity measures will fail because Spaniards, Greeks and Portuguese economies are stagnant and unproductive, so their efforts to pay back the Euro banks will fail. This is a future snapshot of the US of A; just replace Spain with California, Greece with Massachusetts, and Portugal with New York. These states have unsustainable policies that over-tax their constituents and sooner of later, they will all go bankrupt.