The same thing is going on in Spain and Portugal plus other European countries. The SHOCKER is it is also happening in the U.S. Think about it. And I am a hot headed union man. The big problem is unions in gov't. Union pressure, gov't hires more and more useless people and pays them much more than private employers. Finally we get to the point where the gov't is paying out much more than private industry employees are paying into the gov't. Finally, crisis.