Wisconsin's high court has quietly made it less likely that the Badger State will become Greece anytime soon.
Let's hope the rest of these 50 states get the same deal.
After all, the same public-union temper tantrums that have both rocked and paralyzed Greece could be in America's future -- if public unions are allowed to run roughshod over elected officials and taxpayers.
Thankfully, the Wisconsin Supreme Court ruled this week that Gov. Scott Walker and the Wisconsin Legislature lawfully restricted public union bargaining rights.
You remember when they passed that law, right? The unions assailed and stormed the Wisconsin capitol for days, acting as if it were the end of the world. They pushed and shoved and threatened and yelled, as Democratic lawmakers fled to another state or chanted "shame!" at their Republican colleagues.
The state's high court ultimately found the law legal this week -- and excoriated Dane County Circuit Judge Maryann Sumi for usurping the legislative branch's authority by overturning the law before it was even published.
"The (high) court decision represents a major triumph for Gov. Scott Walker and the GOP majority in the Legislature," wrote one Wisconsin newspaper.
Yes, and that's one reason why the Democratic-leaning major media have largely ignored the ruling.
We'll need plenty more of such victories, as U.S. debt loads at the federal and state levels exceed what is sustainable. The alternative is increasingly drastic spending cuts.
We've seen what public union members in Europe do at the sound of even mild cutbacks.
Ominously, the International Monetary Fund warned Friday that the United States and Europe are "playing with fire" unless they reduce their deficits in government spending.
The global lending agency reduced its projection for U.S. economic growth Friday to an anemic 2.5 percent this year and 2.7 percent next year, from earlier forecasts of 2.8 and 2.9.
Slower growth will only put downward pressure on government revenues and upward pressure on deficits.
The IMF suggests that politics, not economics, are now to blame.
"You cannot afford to have a world economy where these important decisions (on spending cuts) are postponed, because you're really playing with fire," Jose Vinals, director of the IMF's monetary and capital markets department, was quoted by Reuters. "We have now entered very clearly into a new phase of the (global) crisis, which is, I would say, the political phase of the crisis."
That's a nice way of saying that our leaders are playing chicken with the economy and our economic futures.
When will they stop?