We're inthesameboat already withthe Spaniards and the Italians and, to a much lesser degree, the Greeks -- and not because of the way the U.S. government taxes and spends, but because of the way world financial institutions borrow and lend.
Although I live independently I was surprised to find many students inthesameboat as me, most of whom have chosen to stay at home with parents to avoid running up massive debts.