Monday, May 17, 2010
Campaign For Liberty — Greek To Me
Campaign For Liberty — Greek To Me: "The annual budget deficit in Greece is 12% of GDP; ours is at 11% and climbing. Their public debt is 125% of GDP; ours is over 90% and climbing. More people work for the government in Greece than make things; same here. As economist John Welch put it, Greece is a few chapters ahead of us in the same book. We should read ahead and see how this particular work of economic fiction ends."
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