Subject: txt sclm bbro mny tax -
When the Greek economy melted down recently its citizens rioted in the streets. Some have called it "the death-spiral of a welfare state" -- too much borrowing for too many social programs for too long.
Eventually, the bottom falls out.
But if you don't think the economic chaos in Greece can come to America, economists say think again. America is on a fiscal course economists warn is unsustainable - racking up debts we will not be able to repay. This nation, they warn, is already on the path to economic ruin.
Vorce pointed to California as a likely preview of our future -- a government that can no longer afford some basic services.
"Look at education. Look at bridges. Police, public safety workers," she said. "The things you expect government to do and you won't be able to afford them anymore, because you're paying debt service."
Greece may be the first of many welfare states to fail in the coming months and years, as populations age and entitlement costs soar.
And while you shouldn't expect riots in American streets, financial experts say if the country continues to pile up debt, the economic meltdown in Greece is a road show that will come to America...
[I disagree with that last: expect riots in our streets just like Greece, as we've public employee unions just like Greece which will turn to violent intimidation to try and keep what's been extorted for them {and bankrupted us - again: look at California...}]
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