Replies

5 posted on 03/01/2011 12:24:23 PM PST by agere_contra (Historically every time the Left has 'expanded its moral imagination' the results have been horrific)

I'm not sure they did, but their economy was a wild ride. Now they're in much better shape:

MOSCOW, November 15 (RIA Novosti) - Russian President Dmitry Medvedev can look around the summit table on Saturday knowing his government has less debt than any other G20 country, according to the Guardian newspaper. The British paper put Russia's debt at $76 billion - less than 1% of the United States' $8.4 trillion. As a percentage of gross domestic product, Moscow's situation is not quite as rosy, but President George Bush would probably take a national debt running at 6% rather than 60% of GDP. http://en.rian.ru/business/20081115/118335408.html

6 posted on 03/01/2011 12:28:55 PM PST by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives"-Ataturk)

Russia, Greece, Ecuador, Venezuela etc have defaulted and will default again without thinking twice.
http://zerohedge.blogspot.com/2009/02/russia-about-to-default-on-debt-again.html