The US is using an incredible amount of money simply to pay off its national debt. This means that interest payments are using up resources that could have been used for things like health care, construction, education, etc. However, despite growing costs of borrowing and deficit spending, Washington is not under the same sort of pressure right now that France finds itself in. This poses a challenging dilemma: how does the biggest economy in the world continue borrowing so much without causing panic among the lenders?
In its coverage of the deteriorating financial situation in France, CNN has emphasised the growing cost of borrowing, political paralysis and inability to convince people to accept any kind of cuts.
