June 25, 2010

LESS SERIOUS THAN EUROPE:

Europe budget cutters outpace U.S. (Patrice Hill, 6/24/10, Washington Times)

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.

The sharp contrast between talk and action on the two sides of the Atlantic has become a source of growing friction as world leaders meet in Canada to hash out plans for dealing with the economic problems left in the aftermath of the global financial crisis.

Posted by Orrin Judd at June 25, 2010 5:28 AM
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