Thank you Greece for explaining it to us

Here in the U.S. we've been spending money as if there were no tomorrow. Whenever we needed more, Washington would print it. So what happened? Nothing but a minor bit of inflation.

Bailouts are, presumably, a one time-thing, but entitlements go on forever.

Some compare social security with medicare. That's not correct. Social security is essentially an insurance policy. If it give out more money than it takes in, the solutions are obvious. Make the insured wait a little longer before collecting. And/or charge a higher premium.

Medicare is an entirely different matter. Our cost for delivering medical care is far more than it is for Canada, England, etc. We can, and we should, have a medical plan for all Americans. But, it's beyond our ability to pay for such a plan unless we reduce the cost of delivering such care. That seems to be a job beyond the ability of our Congress. It also seems to be beyond our President's ability.

Bottom line: We find ourselves paying out a lot more than we are taking in. But, now, for perhaps the very first time we can see where this will take us ..........................to Greece.