I've begun following the coverage on the Greek debt crisis and wondering if there are potential parallels here in the United States. Like Greece, our ability to finance our expanding debt is becoming more and more difficult. No one wants to be responsible for either expanding taxes to cover our obligations or slashing entitlements to slow the growth of the debt. What do you think are the lessons that we can learn from what is happening in Greece and how do you think those lessons could be packaged so that the masses could accept some of the difficult actions that might be required?
If the plague was spread by rats, who are the rats behind the black debt?
Here's the Tony Faiola story Frank mentioned: