Home › Forums › Financial Markets/Economics › Fantastic article explaining what’s REALLY happening: › yoyoyah1 wrote:This is a
[quote=yoyoyah1]This is a simplification of the Greek problem.
They are spending at a rate faster than the tax revenue. Also, % of population working for the government is quite high.
This is not a rich vs poor problem.. its structurally unsound economy over reliant on government jobs.[/quote]
And exactly how is this different from California?