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Re: Indian ofcourse
by balachandran on Sep 25, 2008 05:19 AM

DearJaichand,
Very funny - issue credit cards to every family in Inda, let them get everthing necessary, if they can't pay back (which is certain), let them declare bankruptcy. At least everone will have a house and necessities like fridge,car, house etc, being bankrupt after that is fine!!!!
Dear Jaichand, you either are very ignorant of the way economy works or you have recently read some article andnot understood it
The payoff which is being discussed now so vehemently in US with a 700 dollar pay-off could spell dissaster to USA if Govt cannot payback the debt (which it actually has to borrow to pay for the debt) It cannot just print 700 billion dollars and pay
I USA Federal Govt goes bankrupt, it could mean a big recession

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