http://www.vanityfair.com/business/features/2010/10/greeks-bearing-bonds-20 1010?currentPage=1
It meanders all over the place. But the reason why there are a lot of people who protest inarticulately for "less government" and "smaller government" are spelled out nicely in this article.
It covers the way the Greek economy deficit spent itself into a ruin of such grand catastrophe that when the accounting was done, they discovered 800 billion Euros in "off the book" expenses.
It is my fervent hope that the US can avoid bailing out a state government tax revenue shortfall through 2012; by then the Greek implosion will show the futility of trying to put a bandaid on a fiscal sucking chest wound.
It certainly is an interesting article but I don't see what it has to do with the USA. Nor does the article make any claim that it does. Often comparing Greece negatively to functional left of centre governments in northern Europe such as Finland. On the most fundamental levels what happened was the combination of culture and opportunity. Neither really exist in the USA with the exception that both states just saw their populations go a little loony with access to cheap credit.
For starters the US public sector does not, on average, pay three times the private sector for an identical job. It usually pays a little less but comes with more job security and better benefits.
Then we have taxes. If I say 'IRS' to the average American their response is a mixture of fear and loathing. This is because the IRS is very good at what it does. For Greeks there was no such response since no one ever really paid any taxes and it did not matter that you didn't because you'd never be caught or punished. The average American does not respond to being investigated by the IRS as if its a big joke - they respond with trepidation and fear. The American State is really quite good at getting their citizens to pay their taxes.
Finally no level of government in the USA can get away with this level of cooking the books. Everything is checked and double checked and investigative reporters are constantly poking their nose into the states affairs looking for that next big scandal that will make newspapers fly off the shelves.
Not to say that the American system is without flaws - it seems to run on pork and it appears that there is no way to stop that. Meaning that, when the government wants to cut back on the army by 10% its near impossible to do - even if everyone agrees that the cut back should happen...they mean in some one elses district.
Hence America has issues it needs to grapple with but those issues are really quite distinct from the ones that Greece needs to grapple with.