Of course here in the US we have unsustainable levels of public debt: so better shape up & cut the deficit, or pretty soon we will go bankrupt like the Greeks & the Irish! Except of course, at 68.5% percentage of GDP, the US debt is smaller than that of Germany, that exemplar of fiscal rectitude, and smaller in fact than that of Austria!

And what would the professed lovers of liberty and Austrian economics have to say about this?