Greece, the rest of Europe, and the United States have to stop the bleeding.
The open wound is entitlements paid to an aging population that is working less, gone on disability, retired early, or given up working altogether.
During the 1930's, the US was sick economically, but in terms of innovation we were making incredible strides in electronics, manufacturing, transportation, plastics, synthetics, aviation, and bio-medicine.
Today, we are limping along like a sick dog.
Politicians refuse to tell their voters the truth: the voters have promised themselves endless checks and benefits that no nation can afford.
I fear that the only "solution" will be total global meltdown. That is the only thing that will shake voters and citizens out of their fantasy delusion that the retirement, social security, Medicare, Medicaid, and disability checks will keep on rolling in forever.
Unfortunately, that "solution" is also the nuclear option. Our world will be destroyed, and remade under what I can only guess will be a one-world totalitarian regime under the thumb of pure evil.
