John Amato makes a good point about the constant threat from Republicans that America is moments away from becoming Greece because of the deficit:
“…after seeing the International Monetary Fund implore Great Britain to ease off its austerity program so their economy could heal, I had a little change of heart. See, one of the only reasons why many countries in Europe have suffered so much after the financial collapse has been because, instead of turning towards Keynesian policies that Paul Krugman has begged for, they’ve embraced the Conservative principles that the UK’s Cameron touted. And that decision ushered in very painful austerity measures upon the people of their nations. The effects of those decisions has been a non-existent financial recovery to their economy and an accompanying nightmare to their population.
[...] If we don’t want to become Greece (which can’t happen, anyway), we should never, ever consider austerity measures or conservative principles. How quickly the world forgets that it was under a conservative George Bush presidency that the global economy collapsed. Why should we ever turn to his acolytes’ beliefs to fix the problem now?”
A bad economy, another recession, high unemployment, suffering — or, in other words, the entire Republican strategy for the 2014 and 2016 elections.