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Ironically the Nanny State Most Hurts the Young

Michel Kelly-Gagnon | Posted 05.03.2012 | Canada
Read More: Government Intervention, Debt, Debt Crisis, Bail Out, Default, Montreal Economic Institute, Welfare State, United States, Greece, Mei, Canada News
Michel Kelly-Gagnon

Most people tend to dislike taxes, but most people also want the benefits of government largess without having to foot the bill. In essence, they want something for nothing. But since the world doesn't work that way, politicians have to find ways to seem to be meeting this irrational desire.

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Let Greece Default

Peter Worthington | Posted 12.17.2011 | Canada Politics
Read More: Depression, Stephen Harper, Greece Debt, Greece, Default, Mark Carney, Jim Flaherty, Greece Economy, Recession, Canada, Euro, Canada Politics News
Peter Worthington

There is no rescuing Greece. If the country will not submit to regulations that people like Mark Carney would probably endorse, better that it not be propped up. Let it abandon the euro and revert to the drachma, until it comes to terms with itself.

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US Treasury Secretary: 'Unthinkable' US Would Default On Debt

The Canadian Press | The Associated Press | Posted 09.23.2011 | Canada Business
Read More: Deficit, Timothy Geithner, Timothy Geithner Treasury Secretary, Debt Ceiling, Default, US Default, Canada Business News

WASHINGTON - Treasury Secretary Timothy Geithner (GYT'-nur) says congressional leaders are putting together a framework for raising the nation's debt limit with a goal of announcing a deal before Asian markets open Sunday afternoon.

US officials worry that a lack of significant progress on the debt ceiling and other debt issues would roil worldwide markets when they open for business.

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