Will the US end up like Greece in a few years?

[delany]

A visualization of US debt (credit card bill) stacked in 100 dollar bills

[SNEwx_46]

Originally Posted by delany

A visualization of US debt (credit card bill) stacked in 100 dollar bills

wow.

[pghquest]

Originally Posted by saganista

This is the people at Moody's chiding Republicans to stop behaving like spoiled children and raise the debt limit. The notion of not being AAA-rated meanwhile implies that there is something which is. There are no better-backed, more reliable or dependable securities in the world than US Treasuries, except of course if matters are somehow left in the same hands that bungled the world into this mess of a recession in the first place.

Not even one month later, and saganista proven wrong once again.

[kevxu]

Originally Posted by mysticaltyger

Here's a very good article with some good comparisons between the US and Greece:

Could Americans handle Greek-style austerity?- MSN Money.....

Though only put out in late June, this video is like yesteryear already.

The recent spectacle of the U.S. congress treating the national debt, default, etc. as the usual partisan football tells me that the U.S. as a nation has its head where the sun don't shine.

Slash programs that are used by lower income people and families, but don't raise taxes even for the fabulously wealthy top 5% of the population? What clearer demonstration could there be that the majority of U.S. politicians are in office to serve an oligarchy, not the common good.

Therefore, I am totally pessimistic now that the U.S. will have the intelligence and will to gain control of its national debt.

[totsuka]

I think so. Both parties won't step away from the cash they bring in or borrow. We are going to have a massive financial failure in the next few years