Monday, May 10, 2010
Robert Samuelson: The crisis in Greece is the welfare state's death spiral. "This isn't Greece's problem alone, and that's why its crisis has  rattled global stock markets and threatens economic recovery. Virtually  every advanced nation, including the United States, faces the same prospect. Aging  populations have been promised huge health and retirement benefits,  which countries haven't fully covered with taxes. The reckoning has  arrived in Greece, but it awaits most wealthy societies."
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