Mara Liasson: The Crisis In Greece Could Eventually Happen In America

A very interesting post from www.newsbusters.org about the crisis in Greece.This follows this post about Syria giving weapons to Hezbollah and this article about the recent news about offshore drilling to encourage American energy independence This is a key issue to prevent money from going to hostile countries such as Iran and Venezuela. For more posts like this click here.


Mara Liasson: The Crisis In Greece Could Eventually Happen In America


NPR's Mara Liasson on Thursday made a truly astonishing and frightening comment: the crisis in Greece, with the government slashing spending and raising taxes in such a fashion that people are rioting in the streets, could happen in America.
"Greece, whose debt is now I think 115 percent of GDP, ours is about 84 now, and they had to impose some tough austerity measures which means tax hikes and spending cuts, and the people of Greece as you can see didn't like it one bit and rioted," Liasson said on Thursday's "Special Report" on Fox News.
"This in a much more horrific way, much bigger way, is our problem," she continued.
"We have unsustainable deficits that are going to have to be cured with something similar"

Read more: http://newsbusters.org/blogs/noel-sheppard/2010/05/06/mara-liasson-crisis-greece-could-eventually-happen-america#ixzz0nGd1o1nA