How Embarrassing
By laglen
@laglen (19759)
United States
June 26, 2010 7:25am CST
The leaders of the G-8, United States, Japan, Germany, France, Britain, Italy, Canada and Russia, can not agree on the right direction for the global economy.
Britain, Germany, Canada and Japan all want to cut spending and balance their budgets. While our fearful leader is trying to convince them all that massive spending is the way to go.
My question to you is, which do you think is more effective at saving a budget, cut or increase spending?
Britain - we seem to want to emulate. Canada is the only country better off, and Germany has been arguing with Obama over this. What do you think?
1 person likes this
3 responses
@blackmantra_x (2732)
• Philippines
26 Jun 10
Good day... For me it's simple spend what you can spare and save the rest. How can one save if one keeps spending? it's just that simple. I'm not an economist but I've been thought since childhood that if i want to buy something fancy then I have to save some of my allowance to buy it. It's really that simple.
@Netsbridge (3253)
• United States
28 Jun 10
Laglen, you did not in fact believe that 8 nations can rightfully agree on how to run the economy of every nation, did you? Most of the wars between developed nations and developing nations have to do with developed nations attempting to dictate how developing nations are to manage their national affairs. Such ambitious quest is immuture and simply the pursuit of a dream that never be attained.
Because each nation has resources, views, problems and priorities that may be unique to a nation, attempting to have every nation march by a universal prescribed drumbeat is outright insanity!
@snapdragons (91)
• United States
28 Jun 10
I don't know much about the global economy but if Canada has been doing well and they want to cut spending and have balanced budgets, it sounds like they already know what they're doing. Besides, I don't think that spending more is the answer. Like Maggiepie I wouldn't spend more if I had a household budget that was in trouble.
