In response to:

7 Reasons Americans Are So Complacent About Our Country's Impending Bankruptcy

wsmith-84 Wrote: Jun 26, 2012 11:00 PM
John Hawkins writes: "America is on track to go bankrupt. Just like Greece." Oh, John, John, John - have you never heard the term "economic sovereign"? Apparently not. The United States cannot be compared to Greece for this reason. Look it up. Then you write: "We still seem to be a rich country" Indeed we do. And, in fact, we ARE a rich country. In fact, the RICHEST country. Our problems, while real, are political, not fiscal. Republican intransigence on raising taxes and compromising on balanced approaches (spending cuts combined with revenue increases) is destroying our future. Economic illiteracy is nothing to be proud of. Pick up a book, man.
Eleanor32 Wrote: Jun 29, 2012 7:52 PM
You, sir, are one of those very people Mr. Hawkins is talking about, though you claim to be economically literate. When we, as a nation, are in such deep debt and having to borrow money in order to keep our government going, there is no way we are economically sovereign. And we, indeed, can very easily be compared to Greece now and soon become like Greece if we don't vote in fiscally responsible people -- then hold their feet to the fire.

America is on track to go bankrupt. Just like Greece. The signs are all around us. We've lost our AAA credit rating. Trillion dollar deficits are the new normal. The Fed is buying 61% of our own debt. Barack Obama's 10 year budget will leave Americans with “more debt than has been accumulated by all previous Presidents in American history combined.” Nobody on the Left or Right seems to believe we'll ever pay off all of the money we owe. Life as we know it is very close to ending and yet Americans seem to be...