''why doesnt the US reduce spending and raise taxes and pay off it debt? I suppose that would be too intelligent for them''
Where do you get this raising taxes all the time, i have seen you mention it in a few threads? Im curious to know if you work? You know there needs to be an incentive to actually work,,, otherwise its pointless and all you end up doing is creating a population that chooses to either emigrate or hide income and on the flip side you get a government that continues to increase spending without any critisism or oversight. A disaster and basically an outcome that a lot of countries in the developing and western world are facing.
Low revenue has got nothing to do with the current state of greece or the US. The problem is that they continue to increase spending faster and regardless of revenue projections.
The answer is to stop living beyond your means. Yes, it means to stop spending and respect budgets.
