Don’t Be Surprised if the Situation In Greece Comes to America

For the past couple of weeks riots have spread too many Greek cities in its financial debt crisis, but if the U.S. is not careful it will spread to the shores of America. The main culprit is living beyond ones means and massive public spending that couldn’t be sustained over time.

Does this sound familiar! The United States has continued spending beyond what is unsustainable and continues to enlarge the public sector to astronomical heights and now payment is due.

Five of the largest states in the union are teetering on bankruptcy to include many of the major cities in the U.S. Los Angeles, the second largest city in America is virtually bankrupt after years of enlarging the public sector with lucrative pension and health benefits that the private sector doesn’t enjoy.

Over generous benefits, pensions that can’t be sustained is affecting the economic situation in America and if we don’t start doing something now we will be facing the same fate as Greece.

California is entering a gubernatorial election and little or no attention has been raised how the candidates would solve the $500 billion unfunded pension system or how to balance the skyrocketing budget shortfall?

All we get is standard campaign rhetoric and little real world solutions to solving this mess that both political parties created and now have no clue in how to solve it. Americans better start waking up to the fact that both political parties created this mess and no one is immune from placing America in this precarious situation.

Everyone blames each other, even President Obama blames the Republicans for this mess but his administration will soon spend more than all previous presidents combined, and that includes President Bush!

We face enormous fiscal problems with Social Security and Medicare basically broke! Now we have another entitlement program, health care which passed this year using “Enron” accounting numbers which will give us one more unfunded entitlement program.

This election we better not listen to snake oil salesman and start asking those running for public office to start answering how they would solve these issues? Let’s stop listening to what we want to hear and start holding government at all levels accountable!