Can the U.S. Avoid European Contagion? The Weekly Standard
"We are all Greeks now.
Or so it would seem if we are guided by the gyrations of share prices.
Or if we believe that today’s Greece is tomorrow’s United States.
After all, we are running Grecian-style deficits, our debt-to-GDP ratio is approaching the magic 90 percent mark that stifles growth and makes it more difficult to bring the budget deficit under control, and the effective U.S. tax rate on new corporate investment is.......almost twice an 80-nation average."
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