GLOBAL PULSE: Debt: Greece vs California (4/16/2010)

(April 16, 2010) 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 grab facts from worldwide news reports and weigh the options with both hands. To be a part of the News Hunt for good journalism on the economy go to linktv.org/economy.

SOURCES: Al Jazeera English, Qatar; Fox News, U.S.; BBC, U.K.; Deutsche Welle, Germany; NBC, U.S.; RT, Russia

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Global Pulse is a fast-moving and informative television and web series that helps you navigate the news of the world by comparing and contrasting TV news reports. See all the episodes of Global Pulse at http://linktv.org/globalpulse
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[23Daant]

THE GOVENATOR



[Unklebillybob]

This is what happens to any state when it is run by dimocrats. Just look at this list of those that have brought california to it's knees:

Arnold (RINO), Pileosiiii - dimocrat, Fienstein - dimocrat, Boxer - dimocrat - 34 dimocrat house members. Yep, put a democra in-charge and not only will they give-away the farm, they'll burn down the house.

[Alienself]

Arnold was/is Austrian, not German exactly.

[hotrod4you2]

california is the weakest link, do not pay there bills for them,(( IT WAS THERE LIBERAL ACTIONS CAUSE IT )), MAKE THEM STOP THE FREE GIVEAWAYS,AND DEALL WILL IT THERESELFS.

[cmorganis]

@AustrianAtheist

greek military spending sents lots of euro to your economies and don't forget we keep the millions of muslims from entering your countries... It's unfair for us to have 2.000.000 immigrants stuck in Greece while we have to defend Europe from illegal immigrants from Turkey. We pay for your protection and that is NOT rubbish arrogant fellow european.

[cmorganis]

google the following: "Siemens corrupts greek officials"

[cmorganis]

@FrancisJoa

before you speak learn. Siemens the german corporation made billions during the Olympic Games and after with defence contracts and before through telephony contracts. They corrupted almost all politicians in Greece. This caused a big part of our debt! Search the media to find out (if any media will tell the real story). Greece's retirement for most old people is around 450 euro a month. Is that overly priced? You are a propaganda victim. Learn the truth.

[FrancisJoa]

@cmorganis what he hell are you talking about.Greece has problems because they pay for example huge overpriced retirement benefits for mailmen etc.They are corrupt and it´s not the fault of the other european countries.

[Teranex]

California is led by a German, so its Greece lol.

[AustrianAtheist]

I have never heard such rubbish. Greece alone is to blame for its crazy military spending. Don't blame Germany, for Greek corruption.

Slovakia and Czech Republic did not contribute to the Greece bailout. nobody talks about that. "Blame germany" is not a sound economic policy