Saturday, February 27, 2010

Time Travel: Look at Greece to see our Future



This insightful piece by Mark Steyn at national Review Online puts together some of the pieces of the puzzle to show how the current unrest in Greece is a future look at America if we don't quickly put our house in order.

The formula for suicide is a simple one: continuing to pile on entitlements while the means to pay for them dwindles. Anyone who manages a checkbook knows how that doesn't work, yet in Washington the seduction of borrowing, or worse, printing Monopoly Money makes it all sound mysterious and magical.

Tain't so. In America we have come closest to the Greek experience in California. Unions have staged some demonstrations, but "Stimulus Money" from Washington (borrowed and printed of course) have staved off the calamity seen in Greece....for now.

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