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'Greece is the new France' watch

Three weeks ago, House Republicans held a forum on the economic crisis in Greece, using it to explain 1) why America shouldn't participate in any bailout of that country and 2) how big deficits put our country on a Greece-like path to doom.

On Thursday, the American Action Forum is going back to the well with an event titled "America Not Greece: What the Greek Debt Crisis Means for American Policy Makers." The big draw is Sen. Judd Gregg (R-N.H.) who in his final year in Congress has become an ever-louder voice for deficit reduction, but I see slightly more ideological diversity here than on the GOP's panel -- I don't expect liberal economist Dean Baker to tow a line here.

"Doug asked me," Baker explained. "Since I have logic and evidence on my side, I figure that at 3 to 1, it should be just about even."

By David Weigel  |  June 8, 2010; 10:30 AM ET
Categories:  Foreign Policy  
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