[iwwr]

Sorry for taking you slightly out of context:

"The US is not comparable to any EZ country. We have our own currency"

Qualitatively, I would see no difference between the US monetizing debt (and devaluing the value thereof) or something like Greece switching to a new currency which they can print (and devaluing the value thereof). Of course, the amount of devaluation (or default) Greece has to do is much greater. But in either case, some debtors are getting stiffed

Strictly, Greece has no money to pay back debtors, let alone fulfill their social obligations. But even the US obligations: debt + social security + medicare/medicaid etc. are now at an unsustainable level.