Greece and the ahem...hazardous (yeah right) way to go broke.

In the world, there are some job descriptions that are most definitely dangerous. If a firefighter said he had to retire early because of the dangers of smoke inhalation, we can understand such legitimate need.

It's another matter if a radio announcer retired at 50 because the germs on his microphone are supposedly dangerous, that's just ridiculous. Have they not heard of disinfectants? They work on microphones too.

Such irresponsibility created a situation where where 40% of the Greek workforce can retire at age 50 and receive a pension. At that point, it's a no brainer to understand that this creates a lack of taxpayers which brings a lack of revenue to the state.

Greece's current and future pension obligations are 875.2% of their Gross Domestic Product. That's like spending $875 for every $100 you made before tax.

To say that people in Greece are upset is one heck of an understatement. They are absolutely fuming with riots having been reported.

The saving grace of Greece is that unlike America, they cannot print their way out of this mess, create inflation and make matters worse. However, this financial hangover is one that will hurt this once proud nation for a long time.