What is happening in Greece today will happen here later. They are taxed out
and now their only option is to do what should have happened long ago. They are
being forced to cut ..... spending.
@ Rifleman: Actually, you have it completely backwards. Many
individuals in Greece pay little or no income tax - including many of the
wealthy who engage in tax fraud.Greece has refused to raise taxes or go
after those who commit fraud because they feel it will harm the economy.In the meantime, Greece has been cutting government services, most
particularly pensions and safety net programs for the past 3 years in an effort
to aid economic recovery.In other words, for 3 years now Greece has
been following the Republican recovery plan. And their economy is just getting
worse, and worse, and worse.Our economy, on the other hand, has been
improving - slowly, but it is improving.Greece proves the errors of
the cut, cut, cut philosophy. Which, by the way, is not supported by the
majority of economists.