[LINK] O/t Greece

[Jan Whitaker]

At 04:58 PM 19/06/2012, stephen at melbpc.org.au wrote:
>Ask yourself, why does the dollar area — also known as the United States
>of America — more or less work, without the kind of severe regional
>crises now afflicting Europe? The answer is that we have a strong central
>government, and the activities of this government in effect provide
>automatic bailouts to states that get in trouble.

It's called sharing the risk, something WA and 
QLD ought to remember at the moment, given the 
many years of subsidies from the south eastern 
manufacturing states. Time to pay back, Charlie.

::whistling while looking around::

Jan



Melbourne, Victoria, Australia
jwhit at janwhitaker.com
blog: http://janwhitaker.com/jansblog/
business: http://www.janwhitaker.com

Our truest response to the irrationality of the 
world is to paint or sing or write, for only in such response do we find truth.
~Madeline L'Engle, writer

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