‘Greece matters; it is the nation the United States is becoming’
When a few of the pieces from the editorial page at USA Today sound like they may have been written for IBD, it’s evidence that reality is starting to force it’s way through the brittle veneer of the traditional media.
Greece and the United States have a good bit more in common than Americans like to acknowledge. Greece matters because, in an exaggerated form, it is the nation the United States is becoming.
Like Greece, the United States has borrowed way too much. The U.S. national debt of $15.8 trillion (which includes money owed to Social Security and other government agencies) is equal to about one year’s output of the U.S. economy. That’s only slightly better than Greece’s debt of 1.6 times annual output.
Or as has been said more succinctly, things that can’t continue forever won’t.