Monday, June 28, 2010
President Obama continues to beat the Keynesian drum of spending our way to solvency, with Paul Krugman no doubt cheering from the sidelines. At the G-2- conference this weekend, The One apparently hectored the Europeans to spend more while they seem more interested in reining in spending. Apparently our current economic torpor is the result of insufficient spending, at least according to the President and his buddy Dr. Krugman. Tis a sad day indeed when one looks to the other side of the Atlantic for wise and restrained fiscal discipline.