I disagree with opinions that the USA will face a Greece fiscal. The USA has over $150-$250 trillion in natural resources. We are a very rich country and can back up our borrowing with collateral. Right now Republicans will be blamed for jumping over the fiscal cliff. But, the president will own the recession that will follow. Personally, I don't think anyone in government wants to stop spending. If they did then the Republicans would have stopped all the spending from January 2011 by simply not funding things. The House controls the purse strings and the Senate and Presidency are just window dressing to the spending process.