Thursday, June 30, 2011
Greece Crumbles But U.S. Will Pay
So roughly $8 billion of the IMF bailout of Greece will be paid for by the U.S.
One problem: we don't have the money.
Which means we will borrow it.
Which means our kids will pay tomorrow so Greek workers can retire at 50 today.
Actually, that's quite analogous to what's happening with public sector unions in the U.S. right now.
(Best recent SNL joke: "You know what Greece's #1 export is? Hard working Greeks.")