It is often said that to get a glimpse of our future we should study the lessons of the past. Or we can observe the fate of those marching a few steps ahead of us down a road we seem determined to travel. Take Greece. Long hailed as the birthplace of democracy, it is now a poster child for excessive government spending, bloated public sector unions, unfunded entitlements, and stultifying regulations. What happens when the politicians frantically trying to stave off economic collapse finally run out of other people’s money?
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