Tuesday, May 25, 2010

The Road to Becoming Greece

In a recipe for economic disaster, private sector pay shrank to historic lows, while government benefits rose.

One does not have to be an economic genius to realize that this type of economic shift is unsustainable; unless the government prints money, which they are already.  See Germany post WW I, Argentina in the 70's, and Zimbabwe in the last decade to realize the what happens when the printing presses work overtime.

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