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Topic: Portugal a colony?
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Mezcalhead
VoivodFan
Member # 26
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posted December 01, 2010 12:04
quote: Originally posted by Mezcalhead: And this has nothing to do with Wall Street:The general strike was in response to proposed government spending cuts. Portugal has subsidized its Euro-welfare lifestyle by borrowing. The government claims its national debt is 86% of GDP, but the Portuguese opposition party says the true figure is actually 122%. And that's just the government. Private debt is 239% of GDP. Don't worry pal, the US is not far behind Portugal. We don't want to cut any of our entitlements that we can no longer afford... so its a downward spiral.
One solution to the problem: Tax China. And no, I'm not kidding.
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