What's Behind Egypt's Problems?

The Oil Drum ^ | January 29, 2011 - 6:15pm | Gail the Actuary

[Personal Responsibility]

Egypt was already significantly overspending its revenue in 2009 (the last year available), with revenues of $46.82 billion and expenditures of $64.19 billion
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On a related note:

http://www.businessweek.com/news/2010-11-10/california-gap-may-rise-to-25-4-billion-report-says.html

California Gap May Rise to $25.4 Billion, Report Says November 10, 2010, 4:19 PM EST

Nov. 10 (Bloomberg) -- California, the most populous U.S. state, may face a $25.4 billion budget deficit over the next 19 months, the fourth time in as many years the state has confronted a spending gap, its fiscal analyst said.

You know what the difference between Egypt and California is? California does not have a large, influential Islamic radical presence.

[steelyourfaith]

Thanx Ernest_at_the_Beach !

 

Beam me to Planet Gore !

[SunkenCiv]

Starting about 2010 or 2011, Egypt will change from an oil exporting nation to an oil importing nation...

...with a growing population north of 80 million, and little else besides tourism (which has been in decline) as a significant moneymaker.

Amazing how the memes are being built by the media shills -- don't worry, the Moslem Brotherhood just wants an end to corruption and the establishment of democracy; and the series of uprisings were all spontaneous, not in any way organized by the MB or any other jihadists; and the reason for the uprising was economic, the people of Egypt just are sick of living in poverty.

When the Iranian population was in uprising against the mullahcracy, it could just as easily be argued that they rose up due to the $h!++y economic conditions brought on by a corrupt, self-serving, and incompetent hierarchy, but did we see the MSM bring it up? Weird coincidence.

[Fred Nerks]

TIME-WARP?

January 7, 1955
Sayyid Qutb
Rising New Sun
It is unthinkable to have a government without in control of Quran. All the laws that govern human life should be base on God’s words. For this reason, the Muslim brotherhood is indeed the best political and religious party; there is no separation between religion and the politics. I strongly agree that all other nation’s government should follow the laws of Quran.
No one should deny the Muslim brotherhood movement. Those who try to ban the movement, like Egyptian Prime minister Mahmud Nuqrashi in 1948, will be assassinated. If Gamal Abdel Nasser tries to, again, interrupt the Muslim form of government, the Muslim brotherhood will once more send people to try to assassinate him as they did in 1954. They will continue do right things to make the best type of government which people serve Quran as the law.

http://ridgewoodegypt2.blogspot.com/2009/05/january-7-1955.html

[SunkenCiv]

Thanks Fred Nerks!