Did Simon Cowell Just Become American Taxpayers Next Idol?
John Layfield: Absolutely, because a lot of times what happens in the places in Western Europe will happen here as well. Hopefully so. They want less intrusive government. The sovereign debt issue is bigger than the subprime dreamed of being. We have a problem in this world of politicians not making decisions and passing it off using debt so they don’t make tough decisions. Forty percent of global GDP is in countries with 10 percent current deficit to GDP. We have a massive problem with sovereign debt. Wayne Rogers: No I don’t think so. It didn’t have anything to do with Simon, himself. It those do with the fact — John is right. The ratio of debt to GDP all over the world, in fact the Bank of International Settlements has predicted that this is a precipitous ride and the next five years it will be a disaster for us if we don’t correct it. True in Greece. Greece is a microcosm for what is about to happen if we’re not careful in the United States, if we don’t pay attention to it, we are
