Greece provides a recent case study of what happens when statist policies go unchecked: a bloated and corrupt public sector, unfunded government entitlements, and national debt default. Americans may want to stay in denial and avoid serious consideration of whether the U.S. could go the way of Greece or whether Detroit is but a harbinger of the fate that awaits more of the nation should there be no course correction. We all know that a national debt of nearly $17 trillion can never be repaid. And the $124 trillion of unfunded Social Security and Medicare promises, which equate to over a million dollar liability per U.S. taxpayer, is absolutely unsustainable.
Posted on: Fri, 26 Jul 2013 13:16:41 +0000