Friday, October 31, 2008

Seychelles Joins List of Broke Countries Seeking IMF Help

http://www.findingdulcinea.com/news/Asia-Pacific/September-October-08/Seychelles-Joins-List-of-Broke-Countries-Seeking-IMF-Help.html
What government would go 175% of its GDP in debt? I think the entire political structure is collapsing. At some point we will get strong leaders who say no to spending. When we do it will be painful but should bring us back to what is normal

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