Greek Oracle............from Rico

No need to go to Delphi for a glimpse into our future sovereign debt crisis, BUT we should perhaps look to Greece.

Can you say "we're screwed?"

Greece's Papandreou is proposing:
- Higher property taxes
- Higher VAT (consumption) taxes
- Higher taxes on the self-employed
- Lower Gov't spending
- Lower wages
- Lower benefits
- Selling Greek assets
- the "missing link"

The "missing link" is the Governmental confiscation of privat pension/retirement funds.
- It's happening now (just ask the Irish, Argentinians, Hungarians...) and yes, "it CAN happen here" (w/a nod to Sinclair Lewis). It's something Governments do NOT like to talk about openly. Might cause public upset, and well.....er, riots you know. That sort of thing.