unite state government live beyond mean run enormous debt eventually need repay americans look rerun greek euro crisis something smug amusement condescend disapproval profligate greeks get economic house order stop look others bail people live glass economic house really throw stone like greece unite state government live beyond mean run enormous debt eventually need repay true budget deficit year low 486 billion compare 1.4 trillion recently 2009. temporary respite within next couple years deficit start rise 2025 face trillion-dollar shortfalls even 486 billion deficit add ever grow debt national debt currently approach 18.2 trillion roughly 101 gdp right owe value goods service produce country every year credit-card bill exceed entire pay check quite bad greece course whose debt exceed 177 gdp bad countries like france spain give us time like greece drive force behind debt grow cost entitlement program health care retirement one include future unfunded liabilities social security medicare real debt exceed 90 trillion five time gdp greece still bad shape unfunded liabilities top 875 gdp gain heart greece problems lie government grow big intrusive expensive greek government spend nearly half country gdp last year 49.3 actually represent decline 51.8 average since 2006. greek may complain austerity hardly practice government far small greece today federal spend 20.5 gdp accord congressional budget office alternative fiscal scenario could rise almost 34 mid-century factor state local government spend already account roughly 14.4 gdp total government expenditure us could reach 48 50 2050 roughly greek level government grow private sector contract greece one inhospitable business climates europe rank 84th world recent economic freedom world index meanwhile unite state continue increase tax regulations fall second high economic freedom rank 15 years ago 12th place course unite state advantage greeks lack greece owe significant share debt foreign governments majority american debt domestically hold unite state also face low borrow rat greece effectively shut capital market us debt may bad many ways fast horse glue factory long euro remain crisis continue able borrow money absurdly low interest rat unite state also control currency monetary policy greece hostage european central bank must balance interest countries monetary union many far different economic positions.the danger unite state spend entitlements surge come decades mean absent reform take economy investors would respond weak economic outlook demand high return order continue invest us bond would drive interest cost make problems even bad course unlike greece countries organizations available bail us out.read nyp think america end like greece think