The mandatory spending programs, the pensions in Europe, we call them entitlements here, Dr. Kahn, you said that was 16 percent of Greece's GDP.
Let us to consider lessons learned first by going back to the history of Greece.
Can you describe what happens, why it is such a big deal?
a deficit projected over about $103 trillion. Talk about unsustainable.
Let us keep the energy prices low.
America's primary strength, number one, is that we are the world's largest market.
They are in such deep trouble. The deep recession of 2009, that was basically the catalyst for the ongoing crisis.
So let me ask you, how are we getting away with this when we have almost doubled the debt per capita? Why are we not seeing riots in the str...
The important emphasis for you, given the committee's jurisdiction and our general interest in this strong, vibrant, global economy, is the ...
I just want to understand, why did Europe do it? What would have been so terrible about letting Greece exit?
I was rather shocked at the result.