THE UNITED STATES IS HEADED DIRECTLY DOWN THE SAME ROAD AS THE NANNY STATE OF GREECE.
FULLY 25% OF THE GREEK LABOR FORCE IS EMPLOYED BY THE FEDERAL GOVERNMENT. THAT MEANS THAT SEVENTY FIVE PERCENT THAT WORK ARE PAYING TAXES WHICH GO DIRECTLY TO FEDERAL EMPLOYEES WHO HAVE ABSOLUTELY NO JOB OR WEALTH BUILDING CAPABILITIES. GOVERNMENT JOBS IN THIS OR EVEN A 5% AMOUNT ARE WEALTH AND JOB KILLERS.
IT APPEARS THAT GREECE WILL NOT BE ABLE TO BORROW ON THE OPEN MARKET BUT WILL HAVE TO BORROW BILLIONS FROM EUROPEAN GOVERNMENT BANKS.
AMERICA IS RIGHT BEHIND.
Friday, July 1, 2011
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