Greece Debt Problems Worsening

I don't know if you have been following the Greece Debt Issues  that have been occuring, but if you haven't you probably should as it may be where America is heading. There have been a lot of similarities between both countries.
Eurostat, a statistics company, raised Greece's budget deficit by 0.7% to 13.6% for 2009 due to "a reservation on the quality of the data reported by Greece." Eurostat also said the their data could be revised further.

"Markets were shocked last fall when the government announced that the previous conservative Greek government had issued misleading financial data for years."

I'm glad that our government would not submit false or misleading data. Oh wait, they have.

"News of the revised figures sent Greece's borrowing costs shooting up to new record highs."
Hold on folks if this happens here in America.
"It said the new figures showed the scale of Greece's financial troubles, which it blamed on mishandling by the previous, conservative government."
Where have I heard that? It seems everyone wants to put the blame on some one else...can you say lack of personal responsibility?

"Greece is struggling to cope with a debt of euro300 billion ($406 billion) and needs to borrow about euro54 billion this year alone."
We have a Federal deficit of $1.4 trillion just this year.

Look what happens when things like this happen...

"Civil servants staged a 24-hour strike Thursday against austerity measures and expected job cuts by Greece's crisis-plagued government, and the EU's statistics agency said the country's budget was even worse than previously thought."

"The strike disrupted public services, shut down schools and left state hospitals working with emergency staff. Protesters from a Communist-backed trade union blockaded Athens' main port of Piraeus, disrupting ferry services."

Be ready folks and watch what is happening in Greece as you may be seeing a preview into America's future, but ours will be significantly worse.