Debt: Greece vs California

Link TV, Global Pulse by Erin Coker, Evelyn Messinger | Apr. 16, 2010 (News Analysis)

(Video) A question being hotly debated by bloggers: who is buried in worse debt, Greece or California? News reports lean towards Greece as the real basket case, while TV news loves any reason to show video of Arnold Schwarzenegger. Both Greece and California are cutting deep to balance the books, and their people are hitting back with protests and anger. Will either receive a bailout, or are they both doomed to default? For this special News Hunt episode, we'll ... Full Story »

Posted by Fabrice Florin - via Joey Baker (f), David Fox (f), Phylora Uppman (f), Jon Mitchell (f)

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O. Billbrough
3.8
 by O. Billbrough - Apr. 22, 2010

This is a very interesting comparison between Greece and California. It is hard to tell who really is worse off as California is asking the federal government for some money back on the taxes they pay and Greece seems to not have a place to go for money because of the no-bailout clause and no countries offering to help them.

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