Many of the world leaders met in Cannes this week to discuss the most important problem in the world, global economic meltdown. Nothing was accomplished at all.
The great leaders couldn't even agree on how to kick the can down the road. They tried blaming each other and putting the onus for correction on people that weren't to blame in the first place. They tried everything but admitting failure. None wanted to admit the Euro won't work.
High ideals mixed with good intentions, implemented by governments is a recipe for certain doom. Greed, quests for power (or more likely just re-election), corruption, national pride, sex-drive and stupidity all play bigger roles with this current bunch of idiots. None of them take any responsibility for getting us in this mess but all concur austerity, cutbacks and higher taxes on the poor are the long term solution. If this theory was correct there would have been proof and a simple formula would show how to alleviate sovereign debt. It seems more likely that spending less than income would be more rational. Too simple, I know, but eliminating current deficits seems impossible. Surely there should be a point where logic or reason could be applied if they can't use arithmetic.
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