Europeans, and the rest of us, live in interesting times.
For starters, an unpronounceable Icelandic volcano has been wreaking havoc on travelers worldwide as it spews volcanic ash. And if that wasn’t exciting enough,
We may be tempted to dismiss this news as being of little importance to us. But the reality is much more sobering -- especially considering our own country’s spending spree and mounting deficits.
To fully understand the possible parallels between Europe’s follies and our country’s precarious position, it’s important to describe the events leading up to the recent violent protests in
But beneath the surface, the seeds for the eventual unrest were being planted. A number of smaller European countries acted as if their newfound economic posterity was a license to spend lavishly.
Because the Euro ties economies together, this crisis wasn’t contained to
Getting something is always a lot easier than giving something up, and that’s how we get to chaos and disaster in the streets of
Think that the
Of course, that came on top of numerous “stimulus” bills aimed at improving our economy. The federal government has adopted the philosophy that spending is the best way to grow our economy. Unfortunately, our unemployment rate continues to hover around double digits.
And if this weren’t bad enough, Congress is eyeing even more federal spending in the form of a costly energy bill that would raise our taxes and dig us deeper into debt.
If we are to avoid
Israel Ortega is a Senior Media Services Associate at The Heritage Foundation
First appeared in El Diario de La Prensa