Europe Tackles Debt, U.S. Ignores It

Eric Reguly, Globe and Mail
Europe’s basket case economies are in agony as they attempt to get their financial houses in order. In Greece, Ireland and Portugal, government spending is getting whacked, wages and pension costs are coming down and retirement ages are going up. Yet it’s not working. National debt loads are still soaring and bailouts are still coming.There is a lesson here for countries with rising debt loads.

Source: http://www.realclearpolitics.com/2011/03/31/europe_tackles_debt_us_ignores_it_253013.html

Thomas Carper Tim Johnson Tom Coburn Tom DeLay Tom Harkin