Greece: More Discussions about Debt Reduction

This past month in Bisbee I was visited by a friend (Physicist at ASU) and, in discussing the Greek crisis was told that a problem of this nature could never occur in the US. Further, rather than concern about fiscal imbalances, our government needs to devote more resources to "those in need".

This remark echoed as a listened to a summary of the Pew survey on this topic. While Americans surveyed have more concern that my scientist friend over deficits and debt, they are adamant about continuing and expanding entitlement programs. When pressed *(questioned) they indicated that these social welfare programs could be funded by tax increases and, in a populist view, increasing the rate of taxation on the rich.

Greece: More Discussions about Debt Reduction