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Anger turns to gloom in Argentina
Boston Globe ^
| March 31, 2002
| David Abel
Posted on 03/31/2002 2:42:33 AM PST by sarcasm
Edited on 04/13/2004 2:07:37 AM PDT by Jim Robinson.
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To: sarcasm
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To: tictoc
Every time they would try to cut back on public spending the citizens would riot. Then they would restore the spending... They spent at a rate far greater than what they collected in taxes. They did so to the point they couldn't make the payments on the barrowed money and their economy collapsed when the currency became nearly worthless. That is what happened…
Japan now has more government debt than GDP… That can't continue.
22
posted on
03/31/2002 10:30:43 PM PST
by
DB
To: lucysmom
Privatization was not the problem.
23
posted on
03/31/2002 10:33:12 PM PST
by
DB
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