The false talking point that the U. S. is on the path to becoming Greece is popular among GOP politicians and pundits, designed to strike terror into voters’ hearts and make them vote for Mitt. The effectiveness of this lie depends on voters knowing a little, but not too much.
To be scared about our becoming Greece, voters have to know that Greece is in huge trouble. But they can’t know that the analogy doesn’t hold, that we are nothing like Greece. Fewer votes know this. Fewer voters will stop to think that we have our own floating currency, while Greece does not; that we have a central bank, while Greece does not; that we can print money, while Greece cannot. Fewer voters will know the actual numbers of the incredibly low rates at which the U. S. borrows money and the incredibly high rates at which Greece borrows.
This cynical GOP strategy proves the old adage that a little knowledge is a dangerous thing. A Republican victory in November relies on low-information voters. For the Obama campaign, more information will lead to more votes.