BAILOUT PACKAGES FOR COUNTRIES ARE JUST BUYING TIME. An obvious reality to me (I do not know about you.) is that the EU bailout package for Greece is just buying time. It does not solve the problem of the Government's excessive spending that it built upon entitlements set in place by a socialist government that obviously thought that there was a cornucopia of money at its disposal. Socialists/Liberals can always find ways to spend money, even if there is no money to be spent. Look at California. There are so many entitlement programs built into the spending. To unwind all of that they have to rewrite the entitlements. The socialist/liberals who have made the horrific mess don't want to rewrite all of their entitlements so they are cutting money for education and public safety. I suppose they will blame that on the Republican Governor and claim after the fact that HE was responsible for it all and that the socialist/liberals had no fault. It is always easy to pass blame. Shoot, we practice that from about age three on up. When it comes to not being able to fund the budget, so also will go Portugal, Spain, Ireland, and the weaker new democracies of Europe. Many people in Europe are becoming disillusioned with Democracy and are looking back fondly to the days of militant socialist dictatorship to run the economy. Quite frankly, knowing how badly things are collapsing in Europe in most of the countries, I do not blame them. China has artificially stimulated their economy and they are seeing "economic growth" even though exports from China have fallen while their population keeps growing. They have many problems building in that country. The net result is that the whole world is collapsing into Depression. Help! We have fallen and can not get up.