Well, maybe not soon. But if we stay on the current trajectory it is pretty much inevitable. From The Wall Street Journal:
Europe Crisis Deepens as Chaos Grips Greece
"ATHENS—Greece's fiscal crisis took a new turn to violence Wednesday when three people died in a firebomb attack amid a paralyzing national strike, while governments from Spain to the U.S. took steps to prevent the widening financial damage from hitting their own economies.
"Greece's 24-hour nationwide general strike brought much of the country to a standstill, closing government offices and halting flights, trains and ferries.
"At the same time, tens of thousands of protestors marched through Athens in the largest and most violent protests since the country's budget crisis began last fall. Angry youths rampaged through the center of Athens, torching several businesses and vehicles and smashing shop windows. Protesters and police clashed in front of parliament and fought running street battles around the city.
"Witnesses said hooded protestors smashed the front window of Marfin Bank in central Athens and hurled a Molotov cocktail inside. The three victims died from asphyxiation from smoke inhalation, the Athens coroner's office said. Four others were seriously injured there, fire department officials said.
"Wednesday's protests were sparked by Greece's weekend agreement to adopt austerity measures in exchange for a €110 billion ($143 billion) bailout loan from the European Union and the IMF. Unions challenged Greece's parliament, which could consider the measures as soon as Thursday, to vote them down."
Believe me, it brings me no pleasure to be the harbinger of doom. But I feel obliged to do what little I can to raise awareness of what is coming. You can't use credit to finance your lifestyle in your personal life, and it is the same with the Federal Government. Sooner or later there is a day of reckoning, and the longer we thumb our noses at fiscal responsibility, the more painful it will be in the end.
And for the record--Democrats and Republicans are both complicit in getting us in this mess. It just happens that the current crop in Washington has doubled down in the absurd hope that we can borrow our way out of debt.