Analysis: Greece's crisis could presage America's

[TwixVoy]

Source: AP

WASHINGTON – Greece is a financial basket case, begging for international help. Is America heading down that same road?

Many of the same risky financial practices that now imperil the Greeks were at the center of the all-too-recent U.S. meltdown.

As with Greece, America's national debt has been growing by leaps and bounds over the past decade, to the point where it threatens to swamp overall economic output. And in the U.S., as in Greece, a large portion of that debt is owed to foreign investors.

Not good, if these debt holders begin to wonder if they'll be paid back. A foreign flight from U.S. Treasury securities could sow financial chaos in the United States, as happened when many investors lost faith in Greek bonds.

Read more: http://news.yahoo.com/s/ap/20100310/ap_on_an/us_power_and_debt_analysis

[depakid]

1. Completely different circumstances