As the world markets tremble at the implosion of the Greek economy after voters rejected austerity measures, Americans should realize that it wouldn’t take much to send the U.S. swirling down the same hole the EU is circling.
The ultimate source of the problems with Greece’s economy is pretty straightforward: Greeks are apparently crazy.
In Greece, government workers earn more than private citizens. The country hemorrhages money in its school system, which nonetheless fails the children in its charge on a regular basis.
Its national debt is out of control. Greece has a dysfunctional national health care system and an overgrown welfare state riddled with corruption-filled jobs programs.
And now that the entire country is collapsing into a giant monetary sinkhole, the voters refuse to do accept any more belt tightening and instead look to government to fix it all — the same government that got Greece in this fix.
The thing that Americans need to worry about is that, point for point, the United States government seems to be following Greece’s genius master plan for economic prosperity right into the same tar pit.
The big joke is that President Obama is offering Greece advice on getting its house in order.
Sad, isn’t it?
Stu Burguiere, while guest hosting the Glenn Beck Show, said of Greece, “While everyone dipped their grimy fingers into the government pot, no one was counting how much was going in and how much was going out. By the time someone decided to take a breather from the spending orgy, the damage was irreparable.”
Sounds an awful lot like Washington, doesn’t it?
It kind of makes you want to switch to financial Plan B, money in the mattress and cans in the backyard.
That at least would make sense.