Not My Problem

 While many will be quick to blow Greece off as not our problem, there are many municipalities that are in similar shape to Greece. Municipal jobs are being cut and taxes are being raised which will be a headwind for the economy. Even with these cuts deficits are not in order and a similar fate may await municipalities.

1 comment:

PJ said...

With every debtor being bailed out, Greek profligacy ends up costing everyone, including Americans. Greek will get an IMF bailout at American taxpayer expense, and banks with Greek exposure will get bigger back-door bailouts. The same will happen with the other sovereigns until everyone everywhere is bankrupt.