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Greece Vote
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<blockquote data-quote="TechnicalPossum" data-source="post: 160392" data-attributes="member: 1648"><p>I wonder though as a flip side, if Germany had refused to loan the money to Greece on grounds that they would not be able to repay, would they also be viewed as the economic aggressor?</p><p></p><p>The Puerto Rico and Illinois items I see a little differently than Greece since their debt is more based on future obligations, rather than already borrowed and spent money. If I had to guess what happens there, the feds will bail them out at some point. I think a lot of states are waiting to see how Illinois handles the underfunded pension issues before making their own choices. Regardless, someone will be left holding the bag, be it the taxpayers or the retirees.</p></blockquote><p></p>
[QUOTE="TechnicalPossum, post: 160392, member: 1648"] I wonder though as a flip side, if Germany had refused to loan the money to Greece on grounds that they would not be able to repay, would they also be viewed as the economic aggressor? The Puerto Rico and Illinois items I see a little differently than Greece since their debt is more based on future obligations, rather than already borrowed and spent money. If I had to guess what happens there, the feds will bail them out at some point. I think a lot of states are waiting to see how Illinois handles the underfunded pension issues before making their own choices. Regardless, someone will be left holding the bag, be it the taxpayers or the retirees. [/QUOTE]
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