The Greek bailout and the poor financial state of major countries rattled the market again this week. Everybody agrees that high government debt and deficit spending are serious problems that must be fixed, but opinions differ about urgency. The biggest pessimists see government debt-and-deficits as terminal conditions that are too far advanced to be reversed. Others see the debt-deficit as more akin to a serious case of high blood pressure – a risk factor, not a death sentence. My view is that a combination of budget cuts, economic growth and a dash of inflation may be enough to gradually unwind the debt-and-deficits problem over a period of years if not decades. The market is likely to stay unsettled into the summer. But even if we see a sizeable downturn, I suspect most stock prices will be higher by winter than they are today. WAL-MART STORES INC., $51.37, New York symbol WMT, reported better-than-expected earnings this week. In its first quarter, which ended…