Spendthrift socialism has brought Greece to the brink of collapse:
Europe’s financial crisis lurched into a perilous new phase as dire predictions emerged of a collapse in Greece’s economy, with a run on its banks bringing an inevitable end to its membership of the euro. …
Raising tensions still further, Germany warned Greek voters that the wrong result in next month’s election will force their country out of the single currency.
Greece’s president warned, perhaps most alarmingly, that its banks risk running out of money, posing a “threat to our national existence”.
The run on Greek banks is already underway:
Political leaders in Athens were due to discuss an emergency government Wednesday to deal with a possible run on banks as it emerged Greeks withdrew almost $900 million in a single day, fearing their country could crash out of the euro currency by the end of the week.
The good news is that if Germany won’t carry Greece on its back, the USA will.
Now for the really bad news:
Even as Greece circles the drain with comparably irresponsible Portugal, Spain, and Italy following close behind, the Keynesian moonbats running our country are outspending all of them. Who is going to carry us on their backs after the inevitable collapse?
On tips from Bob Roberts.