Greeks Decline Debt Deal

(Image by Robert Ariail)

 

While Americans were celebrating Independence Day this past weekend, Greeks went to the polls and declared their independence from the bailout terms in a referendum.



(Image by Gary Varvel)

 

Rich Galen does a nice job of explaining the situation, even though he claims it's all Greek to him.

 

His concluding sentence is worth repeating here:

 

A system that has the government spending more and money on more and more people, while depending on fewer and fewer people to pay the higher and higher bills cannot sustain itself.

 

I'm not the only one concerned "The Greek Tragedy" could be a harbinger of more trouble to follow...

(Image by Gary Holbert)