Southern Europe got where it is by allowing the extremely rich to avoid paying taxes and by paying a lot of government employees too much for too little and borrowing the money to do that from the countries it had farmed it's manufacturing out to. They are trying to solve it by imposing austerity measures which involved laying off large numbers of government employees. What they should have done was let them keep their jobs but with a big pay cut and made serious efforts to collect more taxes. BOTH sides contribute. Imagine that.
The US got into the situation it is in by allowing banks to grant bonuses to it's loan managers based on the number of loans MADE!!! rather than on the number succesfully managed, so they went and made loans to a bunch of dumb ass fuckers who couldn't pay them back. The banks didn't have enough reserves in the bank to make those readily available, highly advertised (you would imagine criminal) bad loans so they borrowed the money with which to make them. When the banks couldn't pay back the money they borrowed to make the bad loans things went fucko big time. Perhaps you recall. Cananda didn't derugulate the banking system the way you did and that is why our system didn't practically go tits up and need to go begging the government to bail them out (a bit ironic that last bit.)
I didn't say the world was going to end (What does that even mean?) I said that there has recently been a lot more flooding than normal and that we are going to be seeing a continuation of that trend. This started while we have been arguing here. You should do some resaerch.
The situation in England is cool. Tax payers being being forced to "pay" to have their children taught not just one lie, but different ones, each according to the psychosis of their parents. Good old George Bush and Tony Blair. Is it any wonder George never tried this...http://www.youtube.com/watch?v=ddsz9XBhrYA
You should watch that. Git yerself sum education.