Friday, April 9, 2010

It's the Economy Stupid!!



As we continue to gag on ObamaCare being jammed down our throats, and we wait for the Anointed One to resume his "laser-like" focus on jobs, don't forget the little view of our future taking place over in Greece.

Remember Greece? Land of huge deficits, land of entitlement programs and bloated government salaries, benefits, and bureaucrats?

Well now, the harsh reality of rising bond rates is applying the stranglehold to the Greco economy. All that debt service is getting more expensive daily as purchasers of Greek debt demand higher interest rates.

And Greece can't pay the price. So where do they go after this? We should watch this closely.

No comments: