Over indebted countries around the world are trying to solve excessive debt problems with more borrowing and more debt. Sorry, not going to work. The main culprits are the US and Western Europe, although there is hope for the US if they ever realize the bills for such stuff as unfunded wars, multiple military bases around the world, and unfunded social programs need to be paid by taxing those that have the money, or eliminating those expenditures. If they continue to live in their fool’s paradise and whine about wealth distribution and class warfare, they will suffer the same fate as Western Europe.
Over indebted countries around the world are trying to solve excessive debt problems with more borrowing and more debt. Sorry, not going to work. The main culprits are the US and Western Europe, although there is hope for the US if they ever realize the bills for such stuff as unfunded wars, multiple military bases around the world, and unfunded social programs need to be paid by taxing those that have the money, or eliminating those expenditures. If they continue to live in their fool’s paradise and whine about wealth distribution and class warfare, they will suffer the same fate as Western Europe.