john maddente | midwestern clarity

W hen the bill comes due, nations that have fallen prey to the entitlement vortex  can foster street violence and class wars.  Their leaders  can  also breed denial once they run out of money.    That's   the reaction of some  Greek politicians who don't appreciate the futility of their fiscal situation.  A year and a half ago, German officials averred that part of a Greek bailout plan could involve the sale or lease of state-owned assets, as well as, other austerity measures. This proposal did not amount to a wholesale transfer of Greece's sovereignty as its opponents claimed.  Rather, it was part of a larger plan to lift a struggling debtor out of its self-induced mess through privatization of government assets including some Greek islands.    In response  one Greek government official said, if such asset transfers came to pass, it will result i...