Other quotes on the REAL cause of the Greek crisis!
http://imarketnews.com/?q=node/12636
The best one is:
http://www.politicsdaily.com/2010/04/29/debt-secrecy-poisoning-greek-and-u-s-economies-panel-says/
Of course, Democrats will ignore it.
To Army Air Corp:
Read these:
http://www.politicsdaily.com/2010/04/29/debt-secrecy-poisoning-greek-and-u-s-economies-panel-says/
The main reason Greece’s debt ballooned out of control was because of its use of off-balance sheets, which allowed the country to conceal its actual debt.
“Greece could have solved the problem by bringing everything on-balance sheet and making it transparent,” said Sanders.
Congress must enforce the use of balance sheets to avoid growing debt problems in America, according to Sanders.
“Off-balance sheets are devastating. We have got to end that. We have got to bring it on the balance sheet. We should have all this stuff visible.”
“We know that one of the causes of the financial crisis was essentially these off-balance sheet vehicles, and yet essentially, we have Uncle Sam engaged in worse,” said Rep. Jeb Hensarling, R-Texas.
When discussing calls for Greece to sell territory to pay down its debt, he said, “I hope and pray that the United States is not on the path to becoming Greece without the Parthenon. There are lessons to be learned here for us.”
Sanders and Hensarling better check their cars before they start them.