Academic

JAMES PETHOKOUKIS: How The Greek Debt Crisis Could Save America. ?America doesn?t need a domesti?

By Glenn Reynolds

JAMES PETHOKOUKIS: How The Greek Debt Crisis Could Save America. “America doesn?t need a domestic debt crisis. Voters can easily track the one happening with Greece and the EU. Runaway spending. Overpaid civil servants. A loss of confidence. Trillion-dollar bailouts. Falling standards of living. National decline. That all adds up to a pretty compelling case for action in America. And Republicans (along with fiscally responsible Democrats) who want to see true spending reform ? of the sort outlined in Rep. Paul Ryan?s Roadmap for America ? would do well to frequently mention Greece on the campaign trail. Kind of a ‘don?t let this happen to us’ sort of thing. They should also note that lower spending plus smart tax cuts to boost growth are the best recipe for restoring fiscal order ? not massive tax increases which politicians will only divert to more spending.”

Full post as published by Instapundit.com on May 25, 2010 (boomark / email).