Reading the back cover of a book isn't even the Cliff Notes version of what's inside. You have just flaunted your intellectual laziness.
No country can fail to cover its debts if they are in their own currency. The problem that Greece faced was that their debt wasn't in their currency, drachmas, but in Euros, which they do not control.
Moreover, the US debt and the deficit are not the same thing.
Maybe if you strained yourself actually to read a book, you'd learn something.
Reading the back cover of a book isn't even the Cliff Notes version of what's inside. You have just flaunted your intellectual laziness.
No country can fail to cover its debts if they are in their own currency. The problem that Greece faced was that their debt wasn't in their currency, drachmas, but in Euros, which they do not control.
Moreover, the US debt and the deficit are not the same thing.
Maybe if you strained yourself actually to read a book, you'd learn something.