Why the Romney/Ryan ticket will bring a Greek style collapse to the American economy.

[girl gone mad]

12. Uhh... NO.

So they can't do it but in trying to do it they can lay the foundation for the same type of collapse that we are witnessing in Greece, drastic radical declines in public consumption leads to further collapse of the private sector leading to a dramatic drop off on tax revenue in an atmosphere of chaos that causes the soverign funds to stop purchasing US debt and forcing us to pay rapidly increasing interest rates in a spiral that will accelerate as it becomes clear that there is no more to cut and there are increasingly fewer revenues to service the debt, especially as the interest rate will continue to grow until a tipping point is reached and complete insolvency is reached because there will be no way to pay off the debt.

Unlike Greece, the US is sovereign in its currency. We can always pay off our same-currency debts (and all of our national debt is dollar denominated). We are in no danger from bond vigilantes and there is absolutely no risk of insolvency.

Please, please, please learn some economics instead of parroting this type of extremely misguided debt hysteria.