“With $20 trillion in national debt, close to $200 trillion when unfunded liabilities in entitlement programs are taken into account, can the U.S. be that far behind from Greece?”
Unlike Greece, which can’t print its own money, the United States can and does. The money supply, the amount in circulation, has almost quadrupled since Obama took office. They will simply keep printing money until it has no value, but the debts are “paid.” Those of us who saved money are the ones losing.
Yes. Agreed. We have that advantage over Greece.
We can produce our own heroin.
But how long can that last?