Do you consider the news coverage about the rioting in Greece to be “fear mongering?”
No I don't. But we are not (yet) Greece.
If the dollar stays the reserve currency of the world we have a huge advantage NOT to become a Greece
We still will have huge problems with inflation and budget cuts, but we will not be Greece
If Congress does the right things (which is hardly a good bet) we can get out of this mess in fairly decent shape in 10 years as compared to the rest of the world
It will still be painful and difficult especially for the parasites sucking off the taxpayers