I thought I would bring this back into the picture reference my very first post in this thread. For those that cannot remember, I will jog the memory,
What’s this about you might be asking? Well I am not knocking the States or trying to pull it down, but there is a lot of unrest in the states now whether you wish to admit it or not. How do I know living in England? I have 18 friends on YIM dotted all over the USA and not one of them is very happy with Mr Obama, because during his administration he has pushed the national debt up by 4 Trillion.
In Europe the countries are falling like flies, and for all those that think that Greece will honour its commitment to the European banks. All that I can say is they have a lot more faith in them than a high percentage of the UK population.
The European banks are running dry, and the reason being is that Europe is too big to financially police. If Europe falls and it is looking very bleak at the moment, then the UK will bleed but not as hard as the rest of the world. The UK has the Commonwealth countries to fall back on, that we never left, something a old imperial dinosaur like me is happy about. The UK austerity is working as long as we stick to it and we have already been where Europe will go if it falls.
I will ask again, is The USA to hard and almost impossible to financially police? No one can borrow from the banks forever. While keeping a federal government and the USA, would it not be better to give the individual states independence on certain issues of financing themselves? The point being that a budget for the biggest state is too hard for the smaller. Neither is it very good for the moral to cream off one state to finance ten others.
Be well Ian 2411