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GOZ2FAST asked in Politics & GovernmentPolitics · 1 decade ago

How many Americans realize what is going on in Greece is a microcosm?

of the problems we are facing here federally and at many state levels? Are we prepared for the unrest that will occur when people find out the government can't pay them anymore or give them the perks they have been promised? And how is it our government persists in spending more money than we can possibly ever pay back without realizing the PONZI scheme will come crashing down?

http://news.yahoo.com/s/ap/20100311/ap_on_bi_ge/eu...

Update:

Aerial thank you for the clarification...all the same our nation is in deep debt and government programs are a ponzi scheme, which pay out more than they can ever bring in...and our nation will be in turmoil WHEN (not if) the government has to tell people they will no longer be able to fund everything they need want and desire.

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  • Anonymous
    1 decade ago
    Favorite Answer

    Greece is not a example of a that. It is an example when you default on your debt and stock markets bet against your liquidity. Because they are part of a EU currency they affect other currencies, which is why more solid currencies are considering bailing them out and their austerity program is a bitter pill the Greek people. Not all nations can be compared with each other. You can compare if you are looking for "ponzi schemes" stock markets that will undermine everyone and everything in order to make profit... I agree w/ you G !

  • cob
    Lv 4
    4 years ago

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  • Ja Ma
    Lv 5
    1 decade ago

    now that you mention it, all defined benefit pension plans that use current contributions to pay benefits could be described as ponzi schemes.

  • Anonymous
    1 decade ago

    You do understand that is what happening in Greece can not happen here because we have the ability to devalue or own currency and are in no way subject to rulings in Berlin.

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  • 1 decade ago

    How many American care about what is going on in Greece?

  • 1 decade ago

    people make money by generating something of value, the government only prints it, it does not make it, dont ever rely on the government for money

  • Anonymous
    1 decade ago

    Our problems are much, much worse. We have the world's reserve currency, so we've been able to hide it for a bit longer.

  • 1 decade ago

    That's what Obama wants. That's what he's pushing for.

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