U.S. at Crucial Crossroads; Are We Becoming European?

http://www.investmentcontrarians.com/debt-crisis/u-s-at-crucial-crossroads-are-we-becoming-european/1330/

U.S. at Crucial Crossroads; Are We Becoming European?

In America, politicians mistakenly believe they can have it all. To stimulate economic growth, politicians have continually made big promises, without any way to pay for them. This type of imbalance has led to a government debt level that now exceeds $16.0 trillion—an absolutely insane amount.

With the government debt limit about to be hit yet again, we must ask ourselves: do Americans want to be European?

With the current level of tax and spending imbalance, government debt is set to grow higher and higher, even with a slight increase in economic growth.
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