News flash: Man bites dog as European governments give lessons to America on fiscal restraint

Ahead of the G-20 conference, leaders in the UK, Germany & France ignored President Obama’s pleas to forego plans to reduce the scent of fiscal crises in their own budgets.

Presumably, the Obama team realizes that if profligate European countries exercise greater restraint on overspending that credit markets will direct more wrath at the US.

Just as likely is that America’s political leadership drank so deeply from the cesspool of Keynesian dogma that they cannot see an alternative for endless “stimulus” spending.

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About christopher

Content of "Natural Order" attempts to reflect the commitment of Universidad Francisco Marroquin to support the development of a society of free & responsible individuals. The principal commentator for this blog is Christopher Lingle.

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