The Fed has held interest rates to nothing citing issues with Europe. Most people know that Greece is in trouble so what else is going on?
Here is the quiz:
England is cutting back its spending budget. The reason this is being done is:
a. They are a small country with limited resources so they can't afford a large debt
b. They are a small country with limited population so they don't have very many smart people in the government to run things.
☺. They don't have Barack Obama to lead them.France is cutting back its spending budget. The reason this is being done is:
a. They are a small country with limited resources so they can't afford a large debt
b. They are a small country with limited resources so they don't have very many smart people in the government to run things.
☺. They don't have Barack Obama to lead them.Germany is cutting back its spending budget. The reason this is being done is:
a. They are a small country with limited resources so they can't afford a large debt
b. They are a small country with limited population so they don't have very many smart people in the government to run things.
☺. They don't have Barack Obama to lead them.Spain is cutting back its spending budget. The reason this is being done is:
a. They are a small country with limited resources so they can't afford a large debt
b. They are a small country with limited population so they don't have very many smart people in the government to run things.
☺. They don't have Barack Obama to lead them.Need we go on?
Meanwhile, the U.S. is increasing its budget spending because:
a. It is a large country with unlimited resources so it can afford a large debt.
b. It is a large country with unlimited population [due to feeder nations to the south] so it has very many smart people in the government to run things.
☺. It has Barack Obama as its leader.