The Orange Mane - a Denver Broncos Fan Community - View Single Post - The Fiscal Cliff is just accidental austerity

pricejj · 11-09-2012, 01:08 PM

The only problem Europe has (which they are quickly finding ways around), is that they have a pesky 3% deficit mandate in the EU Constitution.

Without the requirement that all government deficits would have to be less than 3% of GDP...and if they could print their own Euro's (like the U.S with the dollar), life would be easy as it was pre-2008.

It's no secret, Socialism leads to a broad lower-class without land, or any real assets...and a small, wealthy, elite who owns ALL the assets. That is where we are today, and it is quickly getting worse.

11-09-2012, 01:08 PM	#13
pricejj jungle Join Date: Aug 2009 Location: Louisville, CO Posts: 5,191	The only problem Europe has (which they are quickly finding ways around), is that they have a pesky 3% deficit mandate in the EU Constitution. Without the requirement that all government deficits would have to be less than 3% of GDP...and if they could print their own Euro's (like the U.S with the dollar), life would be easy as it was pre-2008. It's no secret, Socialism leads to a broad lower-class without land, or any real assets...and a small, wealthy, elite who owns ALL the assets. That is where we are today, and it is quickly getting worse.