For decades, American military strategy has amounted to little more than outspending all adversaries. Vietnam and Korea showed this strategy sometimes fails, although it often works as long as the money keeps flowing. But the financial good times won’t last forever.
Many commentators focus on immigrants when declaring that people who live off government spending should not be able to vote. However, there is no lack of longtime citizens who also have an incentive to keep the tax money flowing as long as possible.
Debt isn't the only problem Greece faces. Thanks to years of government spending and easy money, the Greek economy long ago turned away from true wealth generating activities and embraced a bubble economy instead.