If EU countries ran a deficit as large as the US did for the past 20 years... We'd have even more GDP growth than America :-) As well, the Euro would be worth

If EU countries ran a deficit as large as the US did for the past 20 years... We'd have even more GDP growth than America :-) As well, the Euro would be worthless. US could print the 2008 crisis without massive currency debasement because of its reserve currency status, which in 10 years could not be the case anymore. This means that the US has this huge deficit problem to fix, where most of it is because of Medicaid and Social Security entitlements (which will also grow faster in the next years). The US is in a terrible fiscal shape right now, the next 10 years will be a rough ride for the average American.