Greece and the U.S.

[30ashopper]

The socialist PASOK party run by Mr. Papandreou and his father and grandfather before him, ran a political model familiar to Americans: an expanded central government, a public sector that consists of about 40% of the economy, a perpetual majority in parliament that serves their bureaucrat voters, a decline in the economy, massive corruption and tax cheating, and deficit spending to pay for the benefits. Greece ranks 37th out of 43 countries in Europe in terms of economic freedom. They have run up about €360 billion in debt ($518 billion).

http://dailycapitalist.com/2011/06/22/greece-is-europe-the-failure-of-the-euro-part-i/

 

[idlewind]

Scary isn't it.

 

[scooterbug44]

http://www.thedailyshow.com/watch/w...an-burn---credit-default-swaps?xrs=share_copy

Well worth watching - same ol' sheet from Wall Street caused Greece's issues and are what will make the crisis spread.