Yeah this debt crisis is far from over.
Trouble is that making the kind major cuts needed to pay down Americas soveriegn debt, conflicts with its addiction to overspending on public services, expanding government and maintaining an overseas empire, (all of which are unconstitutional by the way)
And none of which anyone in mainstream politics over there seems prepared cut back on, because its too 'unpopular'.
I dont know what you guys are gonna do when people start dumping your bonds and Bernankes printing press makes the dollar near worthless - but Europe is already on life support, so I hope you guys do something quick to start turning things around, or else we are all screwed, if The U.S tanks -which it could if it doesnt act soon,
Pretty much all the developed world could become one giant Greece. It wont be pretty
