EU vs US; Debt comparisons.

Larry will tell you that the Dollar Index is rising because panicking people from Europe and Japan are buying US Dollars. In fact, some wags have quipped that our most profitable export is $100 bills.

Larry will tell you that the Euro is finished, because the inability of Europe to grow and balance its budgets in the various countries. I looked up current figures and in the 2013 US budget the deficit is 24.5%.

http://en.wikipedia.org/wiki/2013_United_States_federal_budget#Total_revenues_and_spending

Compare this to the budgets of European countries:

Pls note that even the countries in most trouble (Greece, Italy, Spain and Ireland), none of them have budget deficits like ours. And our ration of indebtedness is now pretty close to 100% of GDP. So, why are the Europeans jumping from the frying pan into the fire?