The "Greecing" of America

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"The 'Greecing' of America"--we're almost there, too. Some reports put it at 2013 when our numbers are the same as Greece's, debt as a proportion of the economy.

Days later, I'm still in a state of shock about the facts and figures I've learned from Gretchen Hamel--who best can be accessed at bankruptingamerica.org--in a segment from the May 12, 2010, G. Gordon Liddy Show (13-minute podcast here):

New Jersey teachers retire with an average personal contribution of $62k into their pensions while receiving back an average of $1.4 million. Additionally, they also receive an average health cost spending averaging $250,000.
Simply unsustainable, folks. Down with the public sector unions bleeding us dry!

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