The Death of Fairy Tale Government Budgets and Spending

UPDATE: More comparisons. Read The New York Times, In Greek Debt Crisis, Some See Parallels to U.S.

The graph show that the government deficit situation is worse in the U.S.

"Sitting in America, it’s hard to grasp the importance of the British elections and the Greek riots. Nothing to do with us, right? Well, I’d pay attention to the drama playing out here. It may be coming to a theater near you." Read The New York Times, Root Canal Politics.

Without spending cuts and tax increases, this fairy tale will have an unhappy ending.