u.s like greece?

A lot of ppl are comparing the u.s to greece. the amount of debt both governments own, bailouts. From cnbc..




but then again the u.s is not as corrupt as greece. here's another side of the story.

excerpt from digg

I'm living in Athens for the last two years and doing business here.

What you don't see on the news is:
- Massive amount of black money changing hands in private sector.
- Schemes in almost every private business to avoid taxation.
- Pointless jobs that are being done in the public sector made specially to accommodate relatives of those in higher positions.
- Laziness: during 4 months of summer you cannot find ANYONE working, most offices are closed or in "wait till Autumn to do business" mode.
- Perfect job for any Greek (until recently) was to find a job in the public sector, because it was considered that the pay is good and once you get in, they cannot throw you out.
- Most of young Greeks (under 35) are living with their parents, or are living in a place rented by their parents. There is absolutely no sense of self-sustainability.
- Bribes! Try doing business here which involves getting a license from the government for anything and you will understand why this country is failing.
- Idiotic taxation: in addition to normal taxes, you are taxed an additional 17% up front from the amount of money you are PROJECTED to make in the next year.

Some concerns of people rioting are valid... Others are just angry that they cannot earn 2500 Euro/month for 5hours of daily work in a public office which is putting A SINGLE STAMP AND PASSING YOU ON TO ANOTHER LINE. That and playing solitaire.

Having said that... US is in much better situation.

end excerpt.


My opinion U.S is not going to default or fail anytime soon.