U.S. political leaders like to talk about cutting budget deficits even while they are adding to them. But European leaders from Britain to Greece, under the gun of a withering financial crisis, are actually proposing and carrying out drastic and unprecedented cuts in everything from hallowed state pension programs to green-energy projects, provoking the kind of public backlash that inspires fear in U.S. politicians. (Washington Times, Friday)
Bizarro world?
FEE Timely Classic:
“Why Socialism Failed” by Mark Perry