Wall Street Woes

[advenchurus]

Wish this headline wasn't so funny: Wall Street down on renewed Greek worries.

But, for the record, I'm down with Greek too...

[Whirlaway]

Only a matter of time before the US debt crushes us.....

We (the feds) are borrowing money long term to pay for daily operations of the government....that is a receipe for collapse.

And most of the solutions being discussed by Obama are aimed at raising taxes; not signficantly cutting spending. He just passed a new healthcare entitlement we didn't want and can't afford.

[advenchurus]

Leave it to me to try to poke fun at the wording of a headline and end up in such a negative place.

Wonder if I'll ever get used to the taste of shoe leather....

Ad-Chu

[slowmover]

I took it in the ass from the market a lot these past two years!

[Whirlaway]

I had better results in Vegas; and no taxes.

[Captain Caveman]

I read an op ed article yesterday regarding Argentina. About sixty years ago Argentina was on top of word with the fourth strongest economy. Now they are the second worst. The article drew a lot of parallels with our economy regarding healthcar, unions, taxes, etc. Something to consider. I think the Greek thing bears watching.

[MasterAlan1958]

please refer to government of chile

[Fast Gunn]

The situation in Greece does look grim, but countries never go bankrupt, do they?

http://www.reuters.com/article/idUSTRE6124EL20100203

[Gonzo DFW]

Greed doesn't start on Wall St. That's just where it's most obvious. When it gets bad, though, it's a lot like Greek for us.