The Debt Ceiling Debate is Bad Theater.

[trog.livejournal.com]

Comments

[trog.livejournal.com]

Italy has a much smaller debt. It has a higher debt per gdp, but gdp is a bullshit measure of nonsense anyway. But yes, Italy is in a bad, bad way economically, no doubt. I'm not though. :)

[pacotelic.livejournal.com]

Of course Italy has a much smaller debt, they're a msaller country. They're at something like 115% of GDP right now. It'll take us 4 years to get to that point, but we'll make it. Then life will be so good.

I'm not though. :)

FU,GM? This is the Gini index in a nutshell. Although, Italy's is better than America's. Who knew we were already living in a banana republic?

[rimpala.livejournal.com]

America's a banana republic now?

Doesn't sound too bad, maybe I can open a tiki bar on the beach and serve all the rich Italian tourists. I can make some good jerk chicken.

[anfalicious.livejournal.com]

A banana republic refers to a state that only has one source of export income (generally a primary industry), just after that market has collapsed, not just a generic failed state.