As Greece's "social justice" programs are clearly destroying its economy (wake up , Krugman), Obama and his Commissariat are increasingly concerned that voters in the US may take notice. Hence Treasury Secretary Jack Lew's strident calls for the EU to bail out the Greeks. Given the Germans' hesitancy to throw good money after bad, look for the US to pony up cash (under the guise of the IMF) to postpone the Greek collapse until after the 2016 elections.
After that, who's next? Italy? Puerto Rico? Illinois? (DC is already there, but we don't like to talk about it.)
After that, who's next? Italy? Puerto Rico? Illinois? (DC is already there, but we don't like to talk about it.)
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