The GOP claims that "our debt has put us on the same path as Greece." To see just how wrong this is, look at the difference in what the U.S. government is paying to borrow money today, and the rates being charged to Greece and Italy.
Like an eventual euro breakup, many believe that a strike on Iran is not a matter of if, but when. If these two events happened simultaneously, or nearly so, the consequences would be utterly incalculable.
What do Indonesia's General Suharto and Italy's Silvio Berlusconi have in common? Both were corrupt national leaders who stayed in office too long and finally lost power as a result of financial crises. These kinds of crises are ugly and painful, but bring about overdue reforms.