Thanks to Glenn Beck for this gem of wisdom:
Economists are now saying that the U.S. is actually in worse shape than Greece is.
Have you seen what's going on in Greece? They are bankrupt. Overall debt was 113.4 percent of GDP. Hmm, out-of-control debt and deficits plus no slowdown in government spending; where have I heard that before?
Their weak finances are threatening the EU and the EU just punished Greece by stripping them of their right to vote at critical meeting next month. Greece is the cradle of democracy. It means Greece has no more sovereignty in the EU. California you'd better pay attention.
We're doing the same things. And did you see Great Britain is dealing with "unexpected" inflation?
Oh Glenn, that could never happen here in America! Really?
How did Great Britain get to this point? Let's see:
• They socialized their medicine. We're following their lead on that one
• They pushed the risky mortgages. We followed their lead on that one too
• They took over the banks. We followed their lead on that one with TARP
• They printed more money. We followed on that one too
And now they have inflation? Guess who's also going to be following that one?
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