After years of being indulged by governments that love deficit spending, fiscal reality has hit Greece hard and Greek citizens are responding by rioting.
Thatcher warned us about the problem with socialism and now Greece has run out of other peoples' money.
Potential lenders are first demanding that cuts be made to lavish social programs before considering another bailout.
What does this have to do with Canada?
In October,Canadians will go to the polls and with two of the serious contenders in the race having already demonstrated their love of deficit spending, Canada could easily find itself on the road to Greece.
I outline the many ways that this could happen.
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