For a second there, I thought she was talking about the US economy, which is in the terlet thanks to the Bush tax CUTS and the continuing War on Women and Children, reducing aid to poor families. Taxes. It seems whether you cut them or hike them, they cause problems for everybody. A year of spending cuts and tax hikes has worsened the recession, now in its third year. The unemployment rate among young people is around 40 percent. via Greek Economic Dilemma Evolves Into Political Crisis : NPR.