Thursday, December 10, 2009

So goes Greece, so go other Democracies?

http://www.ekathimerini.com/4dcgi/_w_articles_politics_100003_10/12/2009_113195

Greece's public debt is forecast to reach 130% of its GDP next year, and they're worried. Some call it the worst threat to national sovereignty since the end of the reign of the "Generals'" in 1974. Many leaders in the EU expect Greece to be the first nation in the Union to default on its debts.

The US is at 90%, forecast to get to 100% in 2011. When should we get worried?

Can a democracy exist once the people find ways to vote themselves into money?

No comments:

Post a Comment