I'm asked every day if America is the next Greece or Detroit or Puerto Rico — and the answer is an unequivocal no. The U.S. economy — especially the private sector — is structurally very healthy. That wasn't the case on the eve of the great financial meltdown of 2008 when American companies and households were leveraged up to their eyebrows.
What's different today from eight years ago is that now it's the government that's in the fiscal intensive care unit while companies and households have rebooted.
