Tuesday, June 01, 2010

America faces a big, fat Greek-style bankruptcy

WAYNE ALLYN ROOT: America faces a big, fat Greek-style bankruptcy - Opinion - ReviewJournal.com
"So what caused this?

Big government and government employee unions.
Greece's problem is Europe's problem ... and following closely behind, America's problem, too.

We're all Greeks now.

Quite simply, Greece's problem starts and ends with government employee unions.
There are too many government employees (one of every three Greek citizens works for government); their salaries are way too high; their bonuses can be described only as insane (2 months for each public employee); their pensions are ridiculous (retirement far too young and free health care for life); and their government jobs are guaranteed for life."

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