Earlier this week the Greek parliament passed yet another round of austerity measures in order to continue receiving bailout funding and temporarily avoid financial default.  I’ve recently had many conversations about Greece, so I assumed that it might be worthwhile to provide some thoughts on the subject, although for different reasons then you might think.  Interestingly, the conversations that I have entertained with respect to the Greek situation have given scant consideration to the near-term impact on financial markets.  Instead, the questions that I received and the conversations that I had revolved around a more nagging and worrisome question: could it happen to us? In other words, could the austerity and pain that is being experienced by the Greek people today, ultimately be the fate of the United States of tomorrow?   I’ll get to this question in a moment, but first let’s lay the groundwork for an answer. Read More →