[kabar]

The Greeks denied reality until it was really too late to do anything about it except reduce pensions by 20%, reduce the number of government employees dramatically, cut the minimum wage in half, etc. That still hasn't worked and won't work because the people will not implement or accept the austerity measures. Portugal, Spain, and Italy are not far beyond. Denial just ain't a river in Egypt.

IMO the American people don't have the political will to accept the sacrifice and pain that will be necessary. The Dems will continue to demagog the issue and take political advantage of the two in three Americans who receive a check from or depend on the government, i.e., 200 million

"A record 49 percent of Americans live in a household where someone receives at least one type of government benefit, according to the U.S. Census Bureau. And 63 percent of all federal spending this year will consist of checks written to individuals for which the government receives currently no services, the White House budget office estimates. That’s up from 46 percent in 1975 and 18 percent in 1940.”

[rodguy911]

IT has to start with SS and the age requirements.They have to start at 70 with big rewards for anyone who puts it off even a month at a time.

With 10k of us retiring every day that's where the big money is going to be spent.