Did Ireland default? What exposure did US financial institutions have in that particular collapse? Serious question 'cause I really don't know. It is my understanding(and I could very well be wrong, wouldn't be a first) that the level of exposure is much greater in this instance. I didn't hear about the Irish rioting in the streets and torching buildings, although the Greeks are well known for rioting. Is the Eurozone sturdy enough to prop up Portugal as well? How about Spain? What of the impending 'haircut' Italy's creditors will likely have to take? The German economy actually shrank last quarter, and Germany is the cornerstone of the EU/Eurozone.
I can envisage all this halting, even reversing, the fragile economic recovery currently in progress in the US.
The pension fund I paid $350 a month into for 20 years is bankrupt, I might see $100 per for a lot less time than that. I'm still young enough, that my SS retirement age is 68+, IF SS even exists then. See payroll tax cut. Not that a payroll tax cut isn't a good idea, but to take it from SS, is no better than robbing Peter to pay Paul. It would be the same if were taken from income taxes. The deficit grows, the debt grows larger. How do we as a nation, get out of this situation?
On top of all that; I was out working in the yard and garden just a bit ago. My 35 year old tiller died in the middle of a job. I thought I'd start the lawn tractor to charge the battery, and it started blowing oil out the exhaust, liquid oil and smoke too. Now I have to replace 'em. More economic hardship.
Oh, yeah. About the peeing part, Depends!
