The root causes of the economic problems in Europe and the United States are not the same thing. Our economy is not suffering from a sovereign debt crisis. It is incredibly cheap for us to borrow money, notwithstanding what S&P says. Pretending our problems and those in Europe are the same just shows that you don't know what in the hell you are talking about. It makes a nice narrative and I bet convinces the rubes (someone set the hook in you pretty damn hard) but it's just not the case.
Yeah, because a global debt crisis can't effect the US. Stupid. The only reason our debt is cheap is because our money remains precariously perched on the "standard" dollar. If we continue down the road we are on it will not remain so, and we'll be hurting even worse. It is foolish to deliberately ignore a crippling global wound in which we are definitely involved because the problems are not exactly the same. Once size may not fit all, but the resolution of a debt crisis does not come about by pretending we aren't already in debt. We are now over 100% of the GDP in debt, and we promise to reduce our deficit spending by 200 Billion. As soon as the deal was reached we flat told you we would be downgraded, and were right.
This Administration's policies are absolutely driving us into the exact same economic quagmire that had us "off in the ditch"...