Re: A United States of indebtedness

On Aug 24, 8:22 am, Stray Dog <sdog2...@sdf.lonestar.org> wrote:
> Yet another article that misrepresents reality. All of you guys should
> google on "debt by country" and discover that every country on the planet
> has debt, including India. The last time I looked it up, India -- a very
> poor country-- was tenth from the top in national debt. Pretty bad for a
> poor country. Debt by itself is only a problem if the debt can't be
> serviced. You guys really need to look at the big picture to understand
> this. Mexico, parts of Latin America, Russia, and some other _poor_
> countries defaulted, at one time or another, on their debt. Individuals
> with home mortgages (in the USA) default in the low single digits at any
> given time. Back hundreds of years ago (before the US was even a country)
,
> defaults on debts and repudiations by kings were actually much higher tha
n
> today. I read somewhere that the US has not ever defaulted on its debt to
> anyone else and this stability is part of the reason why the USD is still
> sought out by most other countries as a currency to invest in.
>
> "indiaBPOking" -- as usual -- is only interested in anti-US-pro-India
> propaganda. All the rest of you guys should step back and understand
> history, economic history, and how banking/debt works all over the world
> and pay less attention to specific articles that promote sellective
> conclusions out of the context of the rest of the economies.
>
> On Fri, 22 Aug 2008, indiaBPOking wrote:
> > Date: Fri, 22 Aug 2008 02:02:26 -0700 (PDT)
> > From: indiaBPOking <indiabpok...@yahoo.com>
> > Newsgroups: alt.computer.consultants, alt.politics.bush,
> >     alt.politics.economics, soc.culture.australian, soc.culture.bri
tish
> > Subject: A United States of indebtedness
>
> >http://www.philly.com/inquirer/columnists/steven_rea/20080822_A_Unite...
>
> > By Steven Rea
>
> > Inquirer Movie Columnist and Critic
> > The poster art for I.O.U.S.A. - one scary, scary horror flick, by the
> > way - shows the White House with a "For Sale - Foreclosure" sign
> > propped on the lawn.

Hey Straydog, you've been an outsourced prick for quite a long time
now...so why dont you be like a lazy American that you are, just go
back to your TV box and cheer up your favourite president-to-be.

Happy labor Day!

indiaBPOking.
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