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The flames from Greece’s debt-crisis protests have cast new light on the perils of our own overspending and overborrowing. You know the litany. California is imploding. Public-sector unions there, and across the country, are swallowing budgets. In California alone, pension costs have gone up 2,000 percent in a decade. At the national level, Obamacare has done little to fix — and much to hurt — America’s long-term entitlement mess. Already, America’s structural deficit has tripled since 2007...
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