Word: deficits
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...However, it's clear that if levelheaded economic experts are even pondering the viability of Europe's monetary union, the situation is grave indeed. "This is a very deep crisis for the euro and all of Europe because what we have is a terrible debt and deficit problem that virtually all European nations share and no collective structures to deal with any of it," says Philippe Moreau Defarge, a European affairs expert at the French Institute on International Relations. "Europe is being forced to recognize it isn't as rich or as well-organized as it thought, and faces several...
...rest of the euro-zone countries can come to the rescue. Indeed, these countries - led by France and Germany - have pledged twice this month to do what's necessary to see Greece through its deficit crisis and defend the common currency. If need be, officials say, that will include a financial bailout of Greece, providing the funds to allow Athens to make its debt payments as the government slashes spending and raises taxes, no matter how unpopular this may be with its taxpayers. (See "In Paris and Berlin, Fury Over a Greek Bailout...
...punish both parties for not getting anything done. In the early 1990s, the original Perot combined an assault on the way government did business with a demand that it climb out of debt. Like the public itself, Perot believed there was a commonsense, nonideological way to cut the deficit, if only the two parties would stop bickering. His approach was simpleminded and ego-driven, but it forced both parties to make serious efforts to address the problem, and by the mid-'90s they had come together on behalf of fiscal discipline...
...smaller government providing fewer services" to "a bigger government providing more services." An even larger majority, 59%, say the government is doing too much, while only 35% say it should be doing more. Furthermore, by a 58% to 31% margin, Americans disapprove of Obama's handling of the deficit...
That trust deficit comes up in conversations with Tea Partyers everywhere. In Arlington, Va., Kevin Murphey said he would love to see a better health care system but has no confidence that the government can deliver one. "I can't trust them, and we can't afford it. They haven't proven to me that they can do anything efficient," he said. Murphey's recent Tea Party meeting consisted of just five guys in a bar, but that's not so bad for Arlington, home of the Pentagon. Protesting Big Government in Arlington is like disdaining microchips in San Jose...