Grecian Formula: How Public Sector Unions Broke California

Depressing.   Follow the link to the City Journal article. And Doug Ross paints a grim picture about the financial situation of Greece, with lots of charts and graphs.

Greece's story will have a series of European Vacation sequels as Italy, Portugal, Spain and other countries also tremble under the strain of crushing debt.

Earlier, VDH gave a 4-step "Grecian Formula" for decline in the post linked here. And Mark Steyn has also compared Greece and California.

VDH again, with commentary by Wretchard - bringing bankruptcy in the UK into the picture.

Are you preparing, personally, to weather the turmoil which seems inevitable, eventually? I'm starting to take these developments seriously.