Originally Posted by Villages Kahuna

The same thing that's happening in Greece, Italy, Spain and Portugal is exactly what's happening in then U.S.....and then some. The only difference is that we're still able to both print money and borrow 40 cents of every dollar our government spends, neither of which those countries can do. Eventually, the same thing that's happening in Europe will happen here. We will have to dramatically reduce spending, eliminate entitlements, stop being the world's big brother with our military, and yes increase taxes.

Based on what's happening here, I'd debate that Americans are proving to be no different than their European friends. We too are very happy to take all the government handouts that we can get. In some cases it's being paid for not working or having the government finance large numbers of illegitimate children. In other cases, it's gladly accepting low taxes and loopholes that let's the beneficiaries escape paying their fair share and requires the country to borrow more and more. There's no difference between those types of "handouts". And as in Europe, they all will have to stop.