Many Americans fear the federal fiscal train wreck will turn us into Greece.
Germans have shorter hours of work than Britain or the US (or Greece).
Implicit in this reasoning is that tragedy awaits us when we become Greece.
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If the Bush tax cuts and payroll tax holiday are extended, and Congress wriggles its way out of its commitment to cut spending, the deficit will swell to the point where alarmists see us going the way of Greece.
After Jim retired, he offered to take those of us interested for a tour of Greece.
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"We've received the work, sent to us from Greece, " Lindemann said.
Failing to tame the deficits will make us happy in the short-term (lower taxes and plenty of corporate earnings), but send us the way of Greece and Spain down the line.
For currently Italy and Spain are standing behind the guarantees to Portugal, Greece and Ireland (and let us not forget plucky little Cyprus).
To see how well this brilliant economic-recovery strategy works, just look at Greece, Spain, and the UK. Better yet, look at the US in fourth quarter of 2012.
Which brings us back to the data Greece submitted to the European statistics agency.
While Greece is too small to fail, the US is simply beyond too big to fail.
"After the shock of the Munich performance, the Greece game was a little bit of a reality check for us after all the euphoria, " added Keown.
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