For example, Look at Greece...

So your solution is CUTTING taxes?

Pray, where on earth do you think the money to pay off debt will come from?

Just so we're clear, "spending cuts" is absolutely not a valid answer.

If you cant read entire explanations.....then I can't with you.

The Greek crisis also has a lot to do with the Euro and that government's Eurozone policy, which is not even applicable to America. So it looks like you haven't properly read up on the Greek crisis.

And why not?
We are spending Trillions of dollars that we don't need to be spending...

Still not getting my vote. George Bush was a better president IMHO.

There you go.

It's a simple yes or no question. Are you honestly deluded enough to think the problem can be fixed by lowering taxes and "government regulation"?

I guess we can agree to disagree...

So what's the problem in Greece?
Years of unrestrained spending, cheap lending and failure to implement financial reforms left Greece badly exposed when the global economic downturn struck. This whisked away a curtain of partly fiddled statistics to reveal debt levels and deficits that exceeded limits set by the eurozone.

Source: CNN.

Sounds like our problem

National tax cuts cost money, you know that right? The government has to finance that cut somehow, and that "somehow" is through deficit spending. Because of this, Reagan increased the national debt by 14% per year, and both Bushes upped it by about 10% per year.

You missed the bigger puzzle piece: "FAILURE TO IMPLEMENT FINANCIAL REFORMS".

So you agree with this quote in question, no? New government rules are needed for the financial sector?

Look at Canada, which escaped the worst of the downturn. Canada has strict financial regulation, not a lack thereof, and is now widely regarded as having one of the soundest financial systems in the world.

I never said that monstrous and unsustainable government spending was a good thing, did I? Of course it isn't. But the issue is more complex than you make it out to be.

Aside from £100, some of you are just so dense and uneducated on current events its embarassing.

This is good and bad. Just know that leaving Iraq doesn't mean anything is over. Pretty sure terrorists are already plotting another 9/11. There's just never peace, really.