So how do you achieve this .....

The only way I can see is to cut governments , regulations ( apart from financial ) , and defence spending

and to invest in education , infrastructure , and hope

and to restore faith in currencies .. which means a new reserve ..

http://www.alt-market.com/articles/784-how-the-us-dollar-will-be-replaced

http://www.bloomberg.com/news/2012-05-18/obama-says-debt-crisis-response-must-balance-cuts-with-growth.html

Yes, you need a mix. Right wingers have caused great damage by insisting on too much emphasis on cuts and resisting growth measures all they can (which is a lot).

Isn't this the problem ...

if all that money was pumped into growth, education and technology

Will the military let the politicians stop spending ...

China’s military rise

The dragon’s new teeth

A rare look inside the world’s biggest military expansion

http://www.economist.com/node/21552193

It's not easy. But deep cuts only ... doesn't cut it.

you need to let investors make money ....

so tax free zones in europe ..

strange idea .. but as Greece does not pay much tax anyway .. make it a tax free enterprise zone ....

make the non payment of tax official .. to attract additional investment .

and how can the 8 make decisions for the majority ..

Does the G8 represent a modern world economy?

With China and India not represented in the G8, we ask if the group can deal with the current global economic problems.

http://www.aljazeera.com/programmes/insidestoryamericas/2012/05/201251983740119954.html?utm_content=rssautomatic&utm_campaign=twitter&utm_source=SocialFlow&utm_term=june&utm_medium=tweet

perhaps another war to stimulate the economy ? wars have been started for a lot less than the greek debt ....

In the US, there has never been a "cut" in government spending, only a reduction of increases year over year. Even the countries of the Eurozone had very limited actual reduction in spending, and some went full tilt increases.

perhaps another war to stimulate the economy ? wars have been started for a lot less than the greek debt ....

Aaah, the broken window fallacy.

But where do you see the money coming from? Wars have to be funded from somewhere and afterwards leave huge debts around.

Nope, this is not a realistic solution.

perhaps another war to stimulate the economy ? wars have been started for a lot less than the greek debt ....

Aaah, the broken window fallacy.

But where do you see the money coming from? Wars have to be funded from somewhere and afterwards leave huge debts around.

Nope, this is not a realistic solution.

They can always pillage and rape to pay for the war. Perhaps charge others for doing the same. make it a profit center.

american civil war stage 2 ?

Germany should follow in the footsteps of China

http://www.voxeu.org...php?q=node/8000

The Eurozone crisis: Fiscal fragility, external imbalances, or both?

http://www.voxeu.org/index.php?q=node/7996

Edited May 20, 201214 yr by churchill

or maybe germany will occupy greece for a second time ..... 800 billion reasons too ... what u say schultz?

american civil war stage 2 ?

Nope.. as much as people around the world think of the US, civil war is the least of the outcomes. Now Greece, is another story.

It's not easy. But deep cuts only ... doesn't cut it.

So, you profess the US print more greenbacks to spend their way out of the hole they are in?

Obama and the Dems have lost any semblance of leadership. Over 1000 days and the Dems have yet to put a budget on the table in the House.

If the US government had to abide by the same laws as every other corporation in the US, they would not have passed muster with the Sarbanes Oxley regulations and be subject to criminal proceedings.

The US is on an unsustainable path of debt explosion, don't beleive me you can ask the IMF - http://www.scribd.com/mobile/doc/52245782?width=1280

The massive issuance and record low yield of bonds will not last for ever and a return to historical norms will leave the US paying massive sums to service its debt alone. And the zombie banks will lose yet more money. In short the governments are brewing the worse crisis of all by their short termism.

And remember, governments don't create wealth they just shift it around, inefficiently.

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Look for a repeat of last summer's fiasco on raising the debt limit in an election year, along with the budget impasse with both sides of the floor pointing fingers at the other. It's a freaking joke. Every one of those SOBs in the house, senate and WH should be run out of town on a rail, tarred and feathered, drawn and quartered. Hell, keel-hauling is too good for them. In the mean time, the US looks like a monkey f##king a football with Larry, Curly and Moe running the shop.

Isn't this the problem ...

if all that money was pumped into growth, education and technology

Will the military let the politicians stop spending ...

China’s military rise

The dragon’s new teeth

A rare look inside the world’s biggest military expansion

http://www.economist.com/node/21552193

Although I'm pretty left wing in general, military spending is not a zero sum game or even destructive. Not all military spending goes into bombs. The Internet was originally developed as a military defense technology. Some of the greatest inventions of the 20th century came out of military research.

Thailand business news???

Isn't this the problem ...

if all that money was pumped into growth, education and technology

Will the military let the politicians stop spending ...

China’s military rise

The dragon’s new teeth

A rare look inside the world’s biggest military expansion

http://www.economist.com/node/21552193

Although I'm pretty left wing in general, military spending is not a zero sum game or even destructive. Not all military spending goes into bombs. The Internet was originally developed as a military defense technology. Some of the greatest inventions of the 20th century came out of military research.

yes most of them were designed to kill , dont try and justify having such an unbelievable defense budget so we can have new tech occasionally , tell that to the iraqis , afghanis , vietnamese, etc etc etc the simple solution is stop spending money on sending un educated americans to war and spend the money on educating them with the truth ....