Austerity

mlmpetert · 12-23-2010, 05:02 PM

So with regards to what you see happening on a regular basis in Portugal, Ireland, Greece and Spain along with other countries like France and even England when “entitlements” are reduced or cut do you think theres a chance of anything like that happening here?

I think it would be nice to keep track of all the protest and uproar along with cuts both here and in Europe. Heres 3 things I saw today without even looking:

Alabama town that stopped paying its pension:
http://www.nytimes.com/2010/12/23/business/23prichard.html?_r=2&emc=eta1

16 US cities head for bankruptcy
http://finance.yahoo.com/tech-ticker/16-u.s.-cities-that-could-face-bankruptcy-in-2011-535744.html

Maerriam – Websters Word of the year, “austerity”:
http://news.yahoo.com/s/ac/20101222/bs_ac/7451854_austerity_is_merriamwebsters_word_of_the_y ear_for2010

12-23-2010, 05:02 PM	#1
mlmpetert Playmaker Join Date: Nov 2006 Location: Richmond Posts: 3,261	Austerity So with regards to what you see happening on a regular basis in Portugal, Ireland, Greece and Spain along with other countries like France and even England when “entitlements” are reduced or cut do you think theres a chance of anything like that happening here? I think it would be nice to keep track of all the protest and uproar along with cuts both here and in Europe. Heres 3 things I saw today without even looking: Alabama town that stopped paying its pension: http://www.nytimes.com/2010/12/23/business/23prichard.html?_r=2&emc=eta1 16 US cities head for bankruptcy http://finance.yahoo.com/tech-ticker/16-u.s.-cities-that-could-face-bankruptcy-in-2011-535744.html Maerriam – Websters Word of the year, “austerity”: http://news.yahoo.com/s/ac/20101222/bs_ac/7451854_austerity_is_merriamwebsters_word_of_the_y ear_for2010

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