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Mona Charen, Nationally Syndicated Columnist, On a Greek Tragedy in America's Future:

Posted 05.14.10 at 11:19 AM by Steve Boren

Mona Charen, Nationally Syndicated Columnist, On a Greek Tragedy in America's Future:

"So Greece has cultural problems that contributed to its economic implosion. But there are similarities to the U.S. as well — and because we have elected Democrats, they are growing. By the end of 2011, Greece’s debt will be 150 percent of its GDP. According to a March report by the Congressional Budget Office, President Obama’s 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next ten years — $1.2 trillion more than the administration projected — which will increase our debt-to-GDP ratio to 90 percent by 2020...

"Greece is in flames, but if you look around, you can smell the smoke here as well."

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