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Unless America breaks the mold, it will do what every other country has done in this situation: keep spending until it gets worse and external pressures (i.e. IMF, World Bank, China ...) force drastic cutbacks such as we’ve seen in Greece. There are too many people with a vested interest in government goodies for Congress to pass the type of meangingful cuts that would actually balance the books. People support cuts in theory, but not in reality.